Bitcoin Yield Scams? A Crypto Veteran Sounds the Alarm

Many Bitcoin DeFi (BTCfi) projects claim decentralization but often rely on centralized controls, hidden fees, and restrictive timelocks.

Past failures like BlockFi, Celsius, and FTX show the dangers of trusting centralized platforms promising high yields. Investors should scrutinize admin controls, liquidity risks, and transparency before committing funds. Long processing times and opaque fee structures may signal hidden risks, potentially leading to total loss. True decentralization means self-custody, security, and immediate access to funds.

Always research platforms thoroughly and prioritize transparency over flashy promises of high returns.

Clever Robot News Desk 19^th February 2025