Thread by @zachxbt

1/ I have found there is another fraudster in the mix behind multiple projects in the space. This time being @0xbrainjar aka Omar Zaki

2/ In April of 2019 Omar was charged with fraud by the SEC after misleading investors eventually being fined.

Prior to that he graduated from Yale with a bachelors degree in physics & economics.
SEC Complaint:
sec.gov/litigation/adm…

Article:
yaledailynews.com/blog/2019/04/0…

3/ Omar’s first two projects had anon teams & suffered large hacks. Both haven’t fully recovered since.

Warp Finance
- $8m hack on Dec 2020; partially recovered
- V2 “soon”

Force DAO
- $367k hack April 2021; partially recovered
-GitHub & Social media inactive since fall 2021

4/ In March 2021 @0xbrainjar anon identity was created but wasn’t active until June 2021 when @ComposableFin @Picasso_Network were announced

(Same team as Warp)

It secured a Polkadot Parachain slot at auction by raising well over $160m + $7m seed

And a $20m round for Picasso

5/ Here’s things get more interesting. It appears that @BlockchainAG has been involved with:

Warp Finance:
-Participated in seed

Composable Finance:
-Incubated
-Participated in seed

6/ As per Blockchain AG’s blog in March 2021 they announced their new auditing firm Stela Labs.

Notice both Force DAO & Warp suffered hacks. @Stela_Labs inactive since June 2021).

blog.advancedblockchain.com/advanced-block…

7/ Yet as per Mudit’s analysis of Force DAO it’s a very very basic hack.

That’s interesting since Blockchain AG “audited” it.

And only a portion of the funds were recovered and the rest funneled through Tornado.

https://twitter.com/mudit__gupta/status/1378631650783862790

8/ It’s clear to me Omar & Blockchain AG have worked extensively together now on three projects.

For being a publicly listed German company you can not convince me they did not know his real identity.

Whether or not it was internally “hacked” is up for debate.

9/ I created a burner Telegram to message both Omar’s personal & Anon account (no response)

>What do you know read at the same exact time?

>I’ve also attached the dates Omar joined bot Force DAO & Warp Finance.

>BrainJar also studied physics

10/ A phone number was also found linked to his name but won’t be shared for obvious reasons.

A few individuals I reached out to also confirmed the anon identity link to Yale + physics/Econ background.

Alberto the other dev for Force DAO was also follows the brainjar account.

11/ I feel your investors ought to know before raising millions in crypto after being charged by the SEC not long ago plus suffering two hacks on two previous projects.

But of course this is why he made the 0xBrainJar identity.

Shame on whoever kept this hidden.

12/ I hope more details about the relationships above will come to light once this is published.

I can’t preach enough but please do proper due diligence before blindly investing in things.

Follow for more investigations in the future.

I have received intel from a reputable source @0xbrainjar holds a senior position @BlockchainAG as well (just isn’t broadcasted publicly)

You say it’s a mistake in your youth when it was less than 3 years ago

In your statement you fail to cover how @force_dao has been a slow rug (last activity on socials in September 2021)

There’s a reason you created a new identity after both Force DAO + Warp Finance.

https://twitter.com/0xbrainjar/status/1494868581028446210