The team behind cryptocurrency DeFi100 have denied allegations that they have performed an “exit scam” after a notice on the team’s website claimed the founders had stolen $32 million in investments over the weekend.
Reports broke late Saturday evening that the lesser-known cryptocurrency DeFi100 was a “scam” after the now-removed notice went live on the website.
Twitter users passed around a screencap of the DeFi100 webpage, which read: “We scammed you guys, and you can’t do s*** about it.”
Some reports put the market cap for the currency at an estimated $32 million. The method used to estimate this value has not been explained by any outlet or user.
Crypto analyst Twitter account CryptoWhale first broke the news, which instantly spread across social media and websites such as…