TLDR
DeFi farm advertises 10,000 1,000,000% APY (Anchor 20% was suspicious; 50k% is impossible). Once TVL hits target, dev drains via emergencyWithdraw/admin function. Indicators: (1) APY 500% with no clear emission source; (2) reward token has...
How it works
DeFi farm advertises 10,000 1,000,000% APY (Anchor 20% was suspicious; 50k% is impossible). Once TVL hits target, dev drains via emergencyWithdraw/admin function. Indicators: (1) APY 500% with no clear emission source; (2) reward token has...
Red flags
- Urgent pressure to click, pay, or share codes immediately.
- A link or sender that does not match the official organization.
- Requests for card data, passwords, OTPs, wallet signatures, or bank transfers.
What to do
- 1Indicators: (1) APY 500% with no clear emission source; (2) reward token has no utility outside farm; (3) contract has owner callable migrate() or emergencyWithdraw(); (4) DefiLlama TVL hockey sticks then crashes; (5) no audit + team anonymous.
Source
FAQ
Is Fake yield farming — impossible APY rug a real scam pattern?
Yes. Treat the message, call, or payment request as suspicious until you verify it through an official channel.
What are the first warning signs?
Urgent pressure to click, pay, or share codes immediately.; A link or sender that does not match the official organization.; Requests for card data, passwords, OTPs, wallet signatures, or bank transfers.
What should I do first?
Indicators: (1) APY 500% with no clear emission source; (2) reward token has no utility outside farm; (3) contract has owner callable migrate() or emergencyWithdraw(); (4) DefiLlama TVL hockey sticks then crashes; (5) no audit + team anonymous.
Can LegalAudit check my case?
Yes. Start a free chat and paste the message, link, sender, or payment details for triage.