A person using the TraderJoe DeFi platform to yield farm encountered issues when trying to “harvest” their rewards. They tweeted at the platform (@traderjoe_xyz) to get support, only to receive a reply from a very similarly-named account (@traderjoe_xyz_) asking them to message them. The trader did so, and when the scammer instructed them to connect their wallet to supposedly help the dev team troubleshoot, they did. When the scam account blocked them, they realized what they had done, and saw that the scammer had drained the holdings in their wallet and liquidated all of their active positions.The trader reported that they lost more than $35,000. They wrote in a Reddit post, “I was unemployed and literally solely yield farming to hedge my student loan. I deposited almost the same amount of my debt, and was leveraging the fact that the return I was getting was higher than my loan’s APR. While trying to earn $8-9 more, I lost $35k and my financial freedom.”

Total loss estimated at $35,000.