CHECK POINT Research has uncovered a fraudulent scheme in the cryptocurrency realm, where attackers exploited a liquidity pool, causing token prices to surge by a staggering 22,000%. This deceitful act resulted in an $80,000 theft from unsuspecting token holders. The incident has shed light on the evolving tactics scammers employ to exploit decentralized financial platforms (Defi), which rely on decentralized systems such as smart contracts to deliver financial services without the involvement of traditional financial institutions like banks or exchanges.
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