1/ One of the lesser known figures in the space is Darkpool Liquidity a market maker (MM)
After reviewing the pitch deck there were a number of services that are straight market manipulation and not standard at ALL by MMs in the space
They play a role in a lot of the cash grabs
2/ To summarize the pic above:
-offers washtrading to artifically boost volume
-frontrunning and selling assets w/o affecting the market price
-spoofing
Well the next question is who even uses this MM?
3/ Well mostly Polkastarter projects use this MM as well as a number of other launchpads on here
One thing a lot of these projects have in common is large unlocks at TGE, vesting for 6 months or less, & a huge % of token supply to the seed/private round & advisors (20-30%+)
4/ After speaking with a few people well versed in the MM space they said it was very surprising this verbiage would be used so openly in a pitch deck
The rest seems to be almost copied from some where since it’s very generic
5/If you have done 50+ projects you more than likely should have $5m+ in AUM
Unless you’re not the main MM or just are a bad negotiator
6/ It is pretty clear what is being done here… please stay folks and do proper DD before putting your $$$ into projects
2/ The theft address I will start from is 0x6ee which was doing test transactions on July 10th from 0x09b multisig with SHIB and was funded with 6 X 0.1 ETH from Tornado.
0x6eedf92fb92dd68a270c3205e96dccc527728066
A technical breakdown of the attack by Mudit can be found below
3/ With the 6 X 0.1 ETH withdrawals from Tornado Cash on July 10th I was able to demix this and find 6 X 0.1 ETH matching deposits made the day before.
0xc6873ce725229099caf5ac6078f30f48ec6c7e2e
The demix is accurate as 0xc68 was also doing tests with 0x304 multisig on July 9th with SHIB.
For those who are confused and need additional context.
Earlier today Arkham announced a $150K bounty for the identity of the DJT creator
11:49 pm UTC I reply to Arkham saying I submitted for the bounty
11:57 pm UTC Martin Shkreli panic DM’s me
12:27 am UTC Martin Shkreli creates a spaces and announces he is the creator of DJT
One of the large DJT insiders verso.sol dumping $832K worth of DJT and then depositing USDC to CEX ~1 hr ago
Coincidentally also a large holder on Martin’s other project Shoggoth
1/ Here is an overview of one of the better executed scams I have seen in recent times so I figured I would share with the community as a cautionary tale.
A few weeks ago I received a DM from a follower who lost $245K after accidentally downloading malware onto their computer.
2/ It started as an account purporting to be Peter Lauten from a16z, messaging a team to inquire about a potential podcast partnership.
3/ The attacker noticed that the real Peter Lauten had changed his X (Twitter) username from ‘peter_lauten’
to ‘lauten’ at a point in time and then had claimed his old username.
3/ At first the attacker communicated with the Prisma deployer the attack was whitehat.
Later that day all of the funds were deposited to Tornado Cash contradicting that statement.
The exploiter began making outrageous demands and asked for a $3.8M (34%) whitehat bounty
This amount is significantly higher than the industry standard 10% essentially extorting the team as the treasury does not have sufficient assets to reimburse users.