The ‘Rug Doctor’ who advises crypto investors against ‘horrifying’ DeFi scams
- Date: 07-Mar-2022
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
The ‘Rug Doctor’ who advises crypto investors against ‘horrifying’ DeFi scams
In June 2021 when Baine Brock first discovered the decentralized finance (DeFi) project, Helios Cash, the Dallas, Texas based appliance repairman thought he’d found an investing strategy that could generate returns to make hedge funds blush.
He’d “thrown money” into Bitcoin and cryptocurrencies for almost 5 years but in recent months he found DeFi where investors could "put their crypto to work" by lending assets to blockchain apps in return for yield.
By investing in Helios Cash, the 39-year old could earn an annual percentage yield (APY) at 1200% without selling his original investment.
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