Tomato DEFI Disappeared

Notice: This page is a freshly imported case study from the original repository. The original content was in a different format, and may not have relevant information for all sections. Please help restructure the content by moving information from the 'About' section to other sections, and add any missing information or sources you can find. If you are new here, please read General Tutorial on Wikis or Anatomy of a Case Study for help getting started.

Tomato DEFI

Tomato DEFI was launched by an anonymous team and promised to be a new yield farm, and users would send their ethereum to the funding address to participate.

There are reports of users not receiving tokens for their ethereum, and updates stopped after the initial launch. The website is now offline, although social media has not been entirely deleted.

This is a global/international case not involving a specific country.

About Tomato DEFI

"TFI is an independent fork of YFI markets. The platform aggregates multiple protocols. TFI allows a user to hold token take out a loan, without an applications review.… This trend has since caught on by other DeFi protocols. Decentralized Exchanges. Trading of securities and cryptocurrencies is typically done through platforms run by a third party."

"Farming is a term used to describe the act of earning more cryptocurrency in exchange for providing value, usually in the form of locking or depositing cryptocurrencies on an application." "Farming has been implemented as means of organically growing the $TFI community and it is expected to serve as an integral part of $TFI’s incentivized governance protocols."

"$TFI will focus on growing its initial user base by attracting users who are readily familiar with #DeFi governance protocols like YFI. This will be done through the ability to ‘farm’ $TFI tokens by holding other governance assets." "Users will be able to earn additional $TFI tokens by staking their balance. This measurement has been implemented to encourage and provide continuous benefits for long-term supporters of $TFI tokens."

"Use your wallet to send ETH to the crowdfunding address. After the Presale is over, TFI will be automatically sent to your source address according to the source address of your ETH."

"I sent eth in presale and 6 days later still hadn’t received my presale tokens. I contacted 2 of the admins and sent them my txn and screenshots on etherscan. One of them told me it was fake and they hadn’t received my eth."

"I’ve spoken to them a few times but this hasn’t been resolved. They took my eth and say they hadn’t received."

"They are not even active in the telegram group. There website and template is a copy off another site, I can’t remember which now."

"Presale has ended and they have put out a uniswap link."

"The[ir] last twitter and website update was the 22nd of September."

This is a global/international case not involving a specific country.

The background of the exchange platform, service, or individuals involved, as it would have been seen or understood at the time of the events.

Include:

Known history of when and how the service was started.
What problems does the company or service claim to solve?
What marketing materials were used by the firm or business?
Audits performed, and excerpts that may have been included.
Business registration documents shown (fake or legitimate).
How were people recruited to participate?
Public warnings and announcements prior to the event.

Don't Include:

Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
Anything that wasn't reasonably knowable at the time of the event.

There could be more than one section here. If the same platform is involved with multiple incidents, then it can be linked to a main article page.

The Reality

This sections is included if a case involved deception or information that was unknown at the time. Examples include:

When the service was actually started (if different than the "official story").
Who actually ran a service and their own personal history.
How the service was structured behind the scenes. (For example, there was no "trading bot".)
Details of what audits reported and how vulnerabilities were missed during auditing.

What Happened

The specific events of the loss and how it came about. What actually happened to cause the loss and some of the events leading up to it.

Key Event Timeline - Tomato DEFI Disappeared
Date	Event	Description
September 30th, 2020 12:00:00 AM	First Event	This is an expanded description of what happened and the impact. If multiple lines are necessary, add them here.

Total Amount Lost

The total amount lost is unknown.

How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?

Immediate Reactions

How did the various parties involved (firm, platform, management, and/or affected individual(s)) deal with the events? Were services shut down? Were announcements made? Were groups formed?