This DeFi app based on Ethereum just stole $12 million from its users

The Ethereum decentralized finance (DeFi) space was just hit with a “rug pull,” with unknown developer(s) dragging in $12 million in what seems to be the biggest ostensible scam in recent weeks.
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Bitcoin’s rally from $12,000 has been mostly driven by “institutional hunger”: data

Bitcoin has undergone a strong surge over the past two months that has brought it from the $11,000-12,000 range to new all-time highs just shy of $20,000.
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