Libre Blockchain

​​A non-custodial wallet Atomic Wallet has been compromised today. The team behind Atomic Wallet is investigating some cases of wallet breaches. According to the wallet’s website it had over 5 million downloads.

ZKSync Scams Running Rampant “Syncdex was planning a token launch and, to participate in the presale, investors had to stake USDC or ETH before the launch date. I visited Syncdex Discord and learned that other investors weren’t able to withdraw their deposits. The nefarious dev team said all deposits would be withdrawable after the token launch. Trying to be clever, I deposited 0.01 ETH in the staking contract. ‘This way, I will be able to participate in the presale and if things go south, I’m only risking about $20’ I thought. Unfortunately, my cleverness was replaced with self-loathing. The team called off the presale and the platform had a withdraw button. I clicked the withdraw button to pull out my 0.01 ETH and quickly realized all the ETH in my wallet disappeared.” https://scottdebevic.medium.com/is-zksync-becoming-zkscam-90272acf656d

Cumberland Halts Filecoin Trading (possible death for Filecoin project!!) More shaky ass news in this space. 'The Block' just reported that Filecoin trading has been halted. https://www.theblock.co/post/232746/cumberland-halts-filecoin-trading-citing-regulatory-environment Okay, you might be thinking, 'what the fuck? Cumberland isn't an exchange - who are they to be halting trade of any token/coin?' Not a dumb question. Cumberland is not an exchange. However, they're an astronomically sized market marker (that probably got even larger after Alameda died). Unlike Alameda though, they've been in the game for a while. They're a subsidiary of DRW Cumberland, which is an old-school institutional player with a lot of skin in the game, in general. Is Filecoin's Liquidity Bullshit Then? Maybe. The fact that Cumberland can unilaterally 'stop trade' for a project does seem to suggest that without them bolstering the price of the project via market making, then there would be no liquidity (if them no longer market making = trade stops). Implications of Market Makers Backing Out From Trading Due to 'Regulatory Risk' We've commonly accepted that project owners and perhaps even exchanges or DEXes could be at some sort of imminent risk of being caught in the crosshairs of the SEC if a particular coin/token is deemed to be a security. However, this is the first time we've ever heard of a market marker backing away from a project due to regulatory concerns. That's huge tbh. It also may signal death for Filecoin

Sam Bankman-Fried and Fenwick & West LLP For those that don't remember, we spent a little bit of time discussing all of the questionable ties between Fenwick & West LLP and the rest of the crypto space. In particular, we noted Dan Friedberg's actual role vs. his listed one at the job. 1. https://t.me/librehash/29861 2. https://t.me/librehash/29862 3. https://t.me/librehash/29862 (this one is actually kind of fucking nuts) ^^ Those posts tie Fenwick & West LLP (**pretty concretely**) to **Tether**/Crypto Capital Co/Global Trade Solutions SBF Recent Pleading As we all know, SBF's legal team filed a motion requesting the court to dismiss most of the charges pending against him. Do not believe that the judge has ruled on this motion as of yet...but chances are when he does, it will be denied. Ok, cool. Next. May 30th, 2023, SBF's legal team files a brief in court assigning clear blame to Fenwick & West LLP (we're going to talk about this because its a bigger fucking deal than you think it is). Here's a link to the actual court filing: https://storage.courtlistener.com/recap/gov.uscourts.nysd.590940/gov.uscourts.nysd.590940.151.0_1.pdf (worth reading)

Calling Out Fake AI Integration on Solana You read the title right. These bums are really deploying fake AI implementations on their blockchain. Made a thread exposing at least one of them here: https://twitter.com/librehash/status/1661155545750044672?s=20 They supposedly made a chatbot that iterates over basically all the data in the Solana ecosystem + blockchain in general too (?) So I figured I'd ask it a very specific, time-sensitive question about an event related to one of its ecosystem projects (Mango Markets). Turns out their 'ChatGPT' integration failed. Miserably. In fact, I highly doubt they're even using GPT-4. Maybe GPT-3.5 at best. But definitely not 4.

Ben.eth served notice as nft to his address. Good to see. Will be nice to see this scammers getting out soon Btw looks like some kid wrote this notice 😂😂

Lol so this was already existing The newly announced recover service is their way of revealing that they've been compromised, and pivoting business models.

Genesis/DCG Doomsday Prophets = Wrong 1. DCG’s solvency is not in question. Not even sure why that’s a narrative as they function closer to a VC holding company than anything else. 2. Nothing Cameron or Tyler Winklevoss has said matters. They fucked up, not DCG / Barry Silbert. They packaged the Earn program on the basis of their understanding of Genesis’ lending operations which allowed them to profit as the “middle man”, effectively. Since the program was administered by them, it’s their responsibility. DCG didn’t screw them, the market conditions did. That’s why investors already filed suit against Gemini. 3. Unlike Celsius and 3AC, Genesis didn’t propose a bullshit plan to make debtors whole by issuing a “tokenized” IOU. Rather instead, tokens (held as debt fr various counterparties/

If You're a Part of Foobar...I'm Almost Done :) Shoutout to those that know what that means. If you don't, do not worry about it. If you do, you are not forgotten (no matter whom you are, where we interacted at or on what platform; trust and believe that). Sometimes you just have to block out noise in order to focus so that you can get certain things accomplished. Otherwise, you'll find yourself forever "working on" something that needs to be completed. With that said, one has still remained abreast of what's going on as far as this space is concerned. So...we got a few things to talk about.

JUST IN: Binance temporarily suspends all Bitcoin withdrawals, citing "network congestion issues." @WatcherGuru

Great Piece by CoinTelegraph about the Phishy KuCoin Address https://cointelegraph.com/news/kucoin-meme-coin-daily-rug-pull-confirmation

Sui Token Surges as Trading Begins, Giving the Network a Fully Diluted Value of $13B https://www.coindesk.com/markets/2023/05/03/sui-token-surge-to-2-on-trading-debut-as-networks-fully-diluted-value-hits-13b/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Response From KuCoin’s CEO As promised, I told you I’d give you an update when I had one. KuCoin’s CEO was first to respond. Here’s what he said. https://twitter.com/lyu_johnny/status/1651905558969217024

Trust Wallet Was Backdoored There ain’t no fucking way these guys accidentally programmed the wallet to just generate 32 bits of entropy. That’s absurd. But I knew Trust Wallet was a fraud for quite some time (like most things associated with Binance). https://twitter.com/librehash/status/1622650443938529289?s=46&t=ADqwmggWnPnGLeSBJmX63A

This is a normal Kucoin deposit address. Notice how when the customer sends funds to the wallet, they're immediately swept to the hot wallet. This is how exchanges work. You create your account, verify email / KYC, login and request an ETH address where you can deposit funds. The address you're given is typically unique to you so that everytime funds are sent there, your account is credited accordingly. This process is 100% automated. This is the normal, run of the mill process for adding funds to your exchange account for trading.

Not Looking Good for KuCoin Decided to do the legwork myself. The address that was identified by CoinGuruu does not deploy any smart contracts. Initially I thought the tweet was one big LARP. But then I looked at where that address was receiving funds from & here’s what I found: 1. Those addresses are funded by KuCoin withdrawals from the same exchange hot wallet (KuCoin 10) 2. Those addresses do deploy smart contracts 3. Those smart contracts are rug pulls w various exploits / backdoors in them. One example I found were functions called “addBot” & “delBot” which allow the owner to arbitrarily designate a token holder as a “bot” which would restrict them from buying, selling or transferring the token. Ofc when that function is called no event is emitted (meaning this is done silently). There’s other evidence to strongly suggest the deployed SCs were rugs like all the socials for that project being deleted / removed despite the project being launched just a month prior etc 4. Every single address that sent to that KuCoin deposit addy was involved in deploying one or more rugpulls. 5. Every single address that sent to that KuCoin deposit was also funded by KuCoin’s hot wallet (KuCoin 10) 6. Sometimes funds were bridged to Fantom or other blockchains but if they stayed on ETH, they always went to the KuCoin deposit in question Most Important Piece There’s a thin, thin shred of plausible deniability for KuCoin since the deposit address itself does not deploy smart contracts. So they could (in theory) argue that allowing tens of millions of dollars in funds from rugpulls flow into their hot wallet via one customer using a static deposit was an oversight. However the deposit address itself behaves strangely. Most deposit addresses will sweep funds to the hot wallet as soon as they’re received (or soon thereafter). As you can imagine manually emptying those addresses into the main hot wallet for each customer deposit would be tedious as fuck. However that KuCoin deposit doesn’t operate in such a manner. Instead, it allows ETH to accumulate for some time before sweeping funds. I'll show you all what I mean in the next message.

KuCoin's Involvement in a Massive Fraud Campaign is Still Unconfirmed Please note that this claim is currently unconfirmed. In the interest of unearthing the truth, I responded to the thread asking this individual what concrete proof they had to back up their assertion that said wallet directly deployed 2-5x memecoin scams per day for 2 years straight. https://twitter.com/librehash/status/1651689414676951044?s=20 I also tagged KuCoin (exchange) & their CEO and asked them to comment. https://twitter.com/librehash/status/1651694205817827338?s=20 Also DM'd Arkham Intel to see if they could provide some insight on this address. Then I messaged one of CoinTelegraph's editors on here that I know & asked him if he had a reporter that'd be willing to ask these same questions because certain parties may be more willing to speak if the question comes from the media. I'll update this channel if I receive a response from any of these parties. Why We Need Clarity If you're confused - allow me to simplify for you. - The wallet identified by CoinGuruu in his tweet belongs to KuCoin. No question. That's not something they can contest or dispute. - What's in question here is whether that wallet has been directly responsible for deploying thousands of rugpulls over the past 2 years.