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Why Did 97% of DeFi Users Lose Their Assets to a Silent System?

Why Did 97% of DeFi Users Lose Their Assets to a Silent System?

I watched the chain as it unfolded—not just a theft, but a quiet unraveling of trust. On May 16, a user lost $3.2M not to hackers, but to the illusion of ownership itself. The tokens didn’t vanish; they migrated—across chains, into Tornado Cash, like ghosts slipping through firewalls. This isn't about losing crypto. It’s about realizing we never owned it at all. I write this at 3 a.m., alone in my North Beach apartment, wondering if freedom was ever real—or just another smart contract waiting to be audited.
Research Hub
defi security
torno cash
•1 month ago
Singapore Police Arrest 23-Year-Old Crypto Scammer in $1M Exit Scheme – A Cautionary Tale for DeFi Investors

Singapore Police Arrest 23-Year-Old Crypto Scammer in $1M Exit Scheme – A Cautionary Tale for DeFi Investors

A 23-year-old man was arrested at Singapore's Woodlands Checkpoint attempting to flee after allegedly scamming a woman out of $1 million in a cryptocurrency investment scheme. As a seasoned crypto analyst, I break down how banks flagged suspicious transactions, why DeFi investors must stay vigilant, and the red flags this case exposes in 'too-good-to-be-true' crypto promises. Learn how to protect your digital assets from similar exit scams.
Research Hub
crypto scam
singapore police
•2025-7-19 11:49:58
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