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DeFi – Risks and Dangers (I Lost 97% Overnight)
By KPO and CZM  •  May 24, 2021
The recent crypto crash has taken away all the profits from last month but the worst part of my experience so far is being exploited by a hacker causing me to lose 97% of my capital/investment for that particular token. When I decided to give DeFi a try, I expected myself to encounter some exploit/exit scam along the way but definitely not so soon! I am aware that exploit/bug is almost unavoidable so I try to put my money at the top platform/dapp (decentralized application) that has undergone audit(s) but when it happens, you just die without knowing how you died. PancakeBunny was exploited a few days ago and you can read more about it here - Community Notice: Post Mortem Analysis. In my previous article (PancakeSwap and PancakeBunny), I mentioned that these platforms can provide high yield because the governance tokens (CAKE and BUNNY) are created out of thin air...
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By KPO and CZM
I am Ong and my fiancee (Chan Zui Mao a.k.a CMZ) calls me a Kiam Pok (i.e. stingy/thrifty depending on how you look at it). Hence, the nickname KPO (Kiam Pok Ong). We have decided to name the blog KPO because I have proposed to CMZ successfully and she is officially a KPO too. The purpose of the blog is to list down all the money-saving tips, our investment/journey to financial freedom and to document my life with CZM.
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