I read an article not long ago how to identify possible DeFi scams. It was very good but I read so much I can not remember where I saw it.
We crypto folks as a group tend to be very big on little governmental regulation until a rug-pull. Then the rhetoric in the space seems to change.
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Yeah! It's a risky space because once your investment is gone. It's gone! Nothing much you can do. I still don't want government's interference. Maybe we will have a better, decentralized solution in the future to handle this.
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