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DeFiEdge Unleashes Hell on Innocent Retailers: Your Money Is NOW FORBIDDEN

AltcoinsCrypto NewsDeFi Doug Martinez October 15, 2024

A darkened cityscape with skyscrapers in flames, smoke billowing out of windows as people run frantically through the streets below, a giant DefiEdge logo burning at its center amidst chaos and panic.

The plot thickens in DeFi’s latest drama: DefiEdge, a liquidity management protocol touted as a haven for sophisticated investors, has just thrown its retail customers under the bus by halting all deposits to strategy contracts – and we’re not talking about some minor tweak. As of October 14th, users are left scrambling to find an alternative after being effectively cut off from their own money. Now that’s what I call a ‘smart’ move.

Source: cointelegraph

Liquidity protocol DefiEdge halts retail deposits, affecting investors
https://cointelegraph.com/news/de-fi-edge-liquidity-manager-blocks-all-deposits-halts-management
Liquidity management protocol DefiEdge has blocked all deposits to its strategy contracts made from its user interface on Oct. 14, leaving users scrambling to find an alternative. On Sept. 30, the protocol’s team announced on X that some strategies would be “delisted.” However, the new deposit block appears to affect all strategies and not just the ones that were mentioned in the post. Withdrawals from DefiEdge are still functioning as […]

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About the author

Doug Martinez

Doug’s foray into NFTs was a monumental disaster, losing his entire life savings on digital junk that turned out to be worthless. Fueled by a mix of rage and disbelief, Doug crafts scathing, darkly comedic articles about the NFT madness. His writing cuts through the hype with bitter clarity, exposing the folly of the NFT craze. When he's not raging about his losses, he’s probably still trying to comprehend why he fell for this ludicrous scam.

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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