![solana-defi-ecosystem-was-totally-fake-this-is-why-identity-matters West Bangal, India - February 4, 2022 : Solana logo on phone screen stock image. — Stock Editorial Photography](https://coingeek.com/wp-content/uploads/2022/08/solana-defi-ecosystem-was-totally-fake-this-is-why-identity-matters-380x188.jpg)
Solana’s DeFi ecosystem was totally fake—This is why identity matters
Coindesk recently published a report on how two brothers used multiple pseudonymous accounts to fake a DeFi ecosystem on Solana—showing that without identity, there's no way to know who's in control.