ZachXBT: Beware of high-risk DeFi protocols and projects lacking credible community support
ChainCatcher message, on-chain detective ZachXBT posted on social media, warning to be cautious of the following high-risk behaviors:
- Depositing funds into newly launched EVM chain fork DeFi protocols, which are often developed by low-skilled teams and may have vulnerability risks;
- Investing in projects with fewer Kaito smart followers, especially being wary of projects with fake followers or excessive marketing. These behaviors may lead to financial losses, and users should avoid blindly chasing trends and conduct at least minimal due diligence.
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