Agency warns investors of DeFi risks, legal situation
The Thai Digital Asset Association warned investors about the risks of investing in DeFi and clarified that the association cannot serve as an intermediary in a legal dispute after Genesis, a decentralised platform (DeFi) platform, claimed the association will act as an intermediary for the indemnification for any damage caused by fraud.
The statement was released yesterday after information regarding the conversation of the owner of Genesis appeared in a Telegram chatroom, claiming he would contact the association to serve as an intermediary for the indemnification of all damages.
Bangkok Post Reporter
