Decentralized Finance has seen a boom in recent years and with that a rise in scam projects and methods of scamming investors. In 2021 alone, $2.8 Billion was stolen from investors using a variety of methods. The most common being honey pot, method in which investors are free to buy, but selling is restricted to only approved wallets.
- Rug Pull - Removing liquidity to prevent trading
- Fake Dapps - By connecting your wallet to these, you give criminals access to your wallet
- Spreadsheet Pre-sales - Raising funds with no intent of launching
Due to market conditions and total value lost in 2021 the founder established Crypto IRA to set a new precedent in DeFi - Scam Free investing. Utilizing years of experience in crypto and working with other project owners a plan was devised to offer investors a safer way to experience DeFi. Crypto IRA, established in December 2021, has an unprecedented track record in finding and exposing these scams.