{"id":28937,"date":"2020-09-21T10:14:01","date_gmt":"2020-09-21T07:14:01","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=28937"},"modified":"2025-08-27T14:08:35","modified_gmt":"2025-08-27T11:08:35","slug":"lv-finance-defi-project-suspected-of-exit-scam","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/lv-finance-defi-project-suspected-of-exit-scam\/","title":{"rendered":"LV Finance DeFi project suspected of exit scam"},"content":{"rendered":"<p>The organisers of the LV Finance DeFi project falsified audit results to misappropriate investors&#8217; funds. The Chinese analytics firm SlowMist <a href=\\\"https:\/\/www.theblockbeats.com\/flash\/13743\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">reports<\/a> this.<!--more--><\/p>\n<p>On the LV Finance site, the project&#8217;s founders described their offering as a &#8216;community-owned DeFi ecosystem&#8217; based on Ethereum. They promised to launch &#8216;genesis farming&#8217; soon.<\/p>\n<p>On September 19, one Twitter user said he could not withdraw funds from LV Finance pools. He asked a question in the project&#8217;s Telegram channel, but he was blocked.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">So far unable to withdrawl from any pool. 4 failed attempts and was instantlyi banned when i brought the issue up in telegram. Stay clear!<\/p>\n<p>\u2014 J.P. Kinney (@stacheisback) <a href=\"https:\/\/twitter.com\/stacheisback\/status\/1307327213881233415?ref_src=twsrc%5Etfw\">September 19, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to SlowMist, after a brief fundraising period the organisers disappeared. As of writing, the LV Finance website is unavailable, and social media accounts have been deleted.<\/p>\n<p>Earlier in the exit scam <a href=\"https:\/\/u1f987.com\/en\/news\/defi-project-emd-suspected-of-2-5-million-exit-scam\">the EOS-based DeFi project EMD was suspected<\/a>. According to some reports, from the contract \u201cemeraldmine1\u201d $780,000 USDT, 490,000 EOS and 56,000 DFS were withdrawn.<\/p>\n<p>In September, after a two-day campaign, the organisers of the DeFi project Yfdexf.Finance <a href=\"https:\/\/u1f987.com\/en\/news\/organisers-of-defi-project-vanish-with-20m-of-users-funds\">disappeared<\/a> with $20 million of user funds.<\/p>\n<p>Also, note that in June the Ukrainian crypto investment fund Bitsonar carried out an exit scam. Read in ForkLog&#8217;s special report how a former official built a financial pyramid.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Organisers of the LV Finance DeFi project falsified audit results to misappropriate investors&#8217; funds, according to the Chinese analytics company SlowMist.<\/p>\n","protected":false},"author":1,"featured_media":28938,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1154,1093],"class_list":["post-28937","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crimes","tag-defi"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=28937"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28937\/revisions"}],"predecessor-version":[{"id":28939,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28937\/revisions\/28939"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/28938"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=28937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=28937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=28937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}