WhaleFarm, a decentralized finance (DeFi) startup, was hacked by scammers, and the value of its native coin plunged by about 100 percent in minutes. Yield farming, a staking possibility for investors to lock up their crypto in exchange for large profits, was offered by the project's unknown developers. Scammers all at once redeemed their token, forcing its price to drop and leaving investors with no time to withdraw.