Defillama Exposes Misleading RWA Metrics, Slams Figure Co-Founder in Bombshell Allegations

Defillama just dropped a truth bomb on the RWA space—calling out questionable metrics and taking direct aim at Figure's co-founder.

The data doesn't lie—and neither do we.

RWA's credibility crisis deepens

Real-world assets were supposed to be crypto's bridge to traditional finance. Instead, we're seeing smoke and mirrors—inflated numbers, fuzzy reporting, and now, serious allegations from one of DeFi's most trusted data aggregators.

Figure's numbers under microscope

When a protocol can't transparently account for its real-world asset backing, investors should run—not walk—toward the exit. This isn't innovation; it's old-school financial shenanigans wearing a crypto mask.

Trustless systems demand trustworthy data

The whole point of blockchain is verifiable truth. When projects obscure their metrics, they betray the very foundation this industry was built upon. If your RWA platform can't pass Defillama's sniff test, it's probably hiding something.

Another reminder that in crypto, the 'real world' part often means real problems—just with fancier technology.