Hackers, as well as there ali baba and the forty thieves, discovered the cave of the unwary's gold! This time the game of gold was polynet, another DefI founded in a poor way and without security for its investors.

As always, on this blog, DefI are the easiest ways today to deceive investors and, when not deceived, subject the creators to security risk.

According to the bloomberg article below: (The article cannot be copied under penalty of "plagiarism", sorry!)

https://www.bloomberg.com/news/articles/2021-08-10/hackers-steal-600-million-in-likely-largest-defi-crypto-theft?sref=Yg3sQEZ2

And, the link for refund:

https://www.google.com.br/url?sa=t&rct=j&q=&esrc=s&source=newssearch&cd=&cad=rja&uact=8&ved=2ahUKEwiiue6Jq6nyAhXcK7kGHZWJBZUQxfQBMAF6BAgKEAM&url=https%3A%2F%2Fwww.marseillenews.net%2Fpoly-network-exploiter-commence-a-rembourser-des-fonds-et-rapporte-1-million-de-dollars.html&usg=AOvVaw26t9VN3V_3nVETNl7xkXyQ

But the summary is a hacker attack that took $330 million from the DefI polynetwork fund.

With no regulation, no tracking and no commitment from its founders, investors have lost and will not, possibly, get their money back!

So, to our dear readers who read this short article: be careful!

DefIs are very flashy and promise astronomical returns.

The risks, equally alot, are not insured, meaning the loss is total in case of hacker attacks or project closure by the founders!

Always be wary of DefI that promise a lot!

Here's the tip!

related previous articles about:

https://www.publish0x.com/rationality-emotionality-and-financial-markets/rug-pull-do-you-really-know-where-you-are-investing-xjoorwv

https://www.publish0x.com/rationality-emotionality-and-financial-markets/defi-and-its-life-in-cryptocurrencies-for-years-to-come-xooolrv

https://www.publish0x.com/rationality-emotionality-and-financial-markets/what-are-tokens-anyway-xrnnypv

https://www.publish0x.com/rationality-emotionality-and-financial-markets/what-to-know-about-cryptocurrency-and-scams-xxywenp

https://www.publish0x.com/rationality-emotionality-and-financial-markets/the-not-so-transparent-side-of-the-cryptosystem-how-much-are-xdgnpzn

Read this, you will to undestand the means about robbery!