But the deception doesn’t end there. This insidious group has cast its net wide, launching similar schemes across prominent networks such as Base, Solana, and Ethereum. Projects like ZebraLending, operating on Base with a substantial TVL, may very well be part of this web of scams.

As suspicions mount, social media platforms linked to these fraudulent ventures have mysteriously gone offline. Leaper Finance, Glori Finance on Arbitrum, and other associated projects with millions in TVL have left investors scrambling to salvage their assets. The sudden cessation of activities and the disappearance of websites serve as ominous warnings of the dangers lurking within the crypto landscape.

What’s particularly alarming is the replication and exploitation of Compound Version 2 forks by these fraudulent projects, perpetuating a cycle of deception within the DeFi ecosystem. The involvement of top holders in Glori Finance, possibly connected to other scams like Crolend and HashDAO, further underscores the pervasive nature of this scheme.

As suspicions mount and red flags emerge, investors are urged to exercise caution and vigilance. Projects associated with the scammers, including Leaper Finance and Glori Finance on Arbitrum, with a combined TVL of $1.4 million, have ceased operations, leaving investors scrambling to retrieve their assets. The sudden disappearance of these platforms serves as a stark reminder of the inherent risks associated with the unregulated nature of the DeFi space.

Furthermore, the revelation that these projects are mere replicas of Compound Version 2, coupled with the involvement of liquidity from other suspected scams such as Crolend, HashDAO, and HellHoundFi, paints a damning picture of the systemic issues plaguing the DeFi ecosystem.

In light of these developments, regulatory bodies and industry stakeholders must collaborate to implement robust measures aimed at protecting investors and safeguarding the integrity of the DeFi landscape. Enhanced due diligence procedures, stringent audit standards, and increased transparency are essential to restoring trust and confidence in the burgeoning world of decentralized finance.

As the dust settles on yet another chapter in the saga of crypto scams, one thing remains abundantly clear: the need for greater accountability and oversight within the DeFi ecosystem has never been more pressing. Only through collective action and unwavering commitment to integrity can we hope to stem the tide of deception and ensure a brighter, more secure future for decentralized finance.

For those who have fallen victim to Leaper Finance, Glori Finance, or any other project linked to these scammers, the imperative to withdraw funds and assets cannot be overstated. The risks posed by these fraudulent firms are real and present, necessitating swift action to mitigate further losses.

In light of these developments, experts are urging users to exercise extreme caution when interacting with unfamiliar projects or platforms, particularly those that exhibit suspicious behavior or lack transparency. By conducting thorough due diligence and verifying the legitimacy of a project before investing, individuals can greatly reduce their risk of falling victim to fraudulent schemes.

Furthermore, investors are advised to remain skeptical of overly aggressive marketing tactics and unrealistic promises of guaranteed returns. While the allure of quick profits may be tempting, it is important to remember that there are no guarantees in the world of crypto investing, and any project claiming otherwise should be approached with caution.

In the wake of these revelations, regulatory bodies and industry organizations are stepping up their efforts to combat crypto fraud and protect investors from falling victim to illicit schemes. By implementing stricter oversight measures and cracking down on fraudulent activities, authorities hope to restore confidence in the burgeoning DeFi sector and ensure the long-term viability of blockchain technology.

In the face of such rampant deceit, vigilance is paramount. Investors must exercise caution, conducting thorough due diligence before entrusting their hard-earned assets to any project. By remaining informed and vigilant, we can collectively combat the scourge of crypto scams, safeguarding the integrity and security of the digital asset landscape.