ZachXBT accuses over 80% of Garden Finance's fees related to cryptocurrency money laundering
A shocking event in the cryptocurrency community
In the context of an increasingly mature cryptocurrency market, allegations of money laundering activities in DeFi projects are no longer unusual. Recently, ZachXBT, a reputable analyst in the field, has spoken out about Garden Finance. According to him, over 80% of the project's revenue is directly related to cryptocurrency money laundering activities, raising doubts about the platform's transparency and decentralization.
Detailed information on ZachXBT's allegations
ZachXBT analyzed chain data and discovered that most of Garden Finance's profits come from unclear source activities. The majority of transaction fees are found in funds related to wallets with a history of money laundering. This raises questions about whether this project truly adheres to decentralization principles.
Challenges to the project's decentralization factor
Garden Finance claims to be a decentralized platform, but these allegations suggest the possibility of centralized control or ambiguity from the development team. These activities make the cryptocurrency community even more vigilant about the DAO model and transparency in DeFi projects.
Impact on the community and the cryptocurrency market
ZachXBT's allegations not only affect the price of Garden Finance's Token but also shake trust in other DeFi projects. The market always needs stricter monitoring measures to curb illegal activities and protect investors.
Conclusion
This information highlights the importance of verifying the source of funds and transparency in cryptocurrency projects. Investors need to be cautious, always monitor chain analysis, and conduct thorough assessments before agreeing to invest, especially in the context of increasingly complex and sophisticated money laundering activities.
Source: https://tintucbitcoin.com/zachxbt-to-garden-finance-rua-tien-qua-bitcoin/
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