China News Daily Official TheBitTimes.com

Falcon USD, the rapidly growing “synthetic dollar” backed by controversial market maker DWF Labs, is faltering just months after launch. The $540 million market-cap USDf is “backed by diversified crypto assets,” but concerns over the quality of some of that collateral have led to worries about the first collapse of a major stablecoin since the implosion of Do Kwon’s UST. USDf’s price has been off-peg during the course of the morning, hitting a low of $0.98, according to CoinMarketCap data.  USDf depegging from $1 overnight amid rumours surrounding the quality of its collateral base On-chain liquidity appears to be dwindling quickly too pic.twitter.com/HgJFBI1dEE — parsec (@parsec_finance) July 8, 2025 Read more: Do Kwon’s lawyers say they’re ready — then ask for more time Decentralized finance (DeFi) risk advisor LlamaRisk highlighted issues with USDf in a post to the Resupply governance forum, regarding its onboarding as collateral to the lending platform, ...

DeFi has transformed finance by providing open, global access to financial services. Yet, its rapid expansion has also drawn scammers who deceive investors through rug pulls and exit scams. These schemes have caused billions in losses, highlighting the need for investors to identify red flags and protect their funds. What Are Rug Pulls and Exit Scams? A rug pull is a type of DeFi scam where developers create and promote a project, attract investors, and then suddenly withdraw liquidity or abandon the project, leaving investors with worthless tokens. An exit scam is a broader term for when project founders intentionally deceive investors and disappear with the funds. Both scams exploit the trust of investors and the often-anonymous nature of DeFi. Red Flags to Watch Out For Understanding the warning signs can help you avoid falling victim to these scams: 1. Anonymous or Unverified Team Legitimate projects typically have transparent teams with verifiable identities and track records. Be ...