NFT Ethics Profile picture
Mar 29, 2022 27 tweets 21 min read Read on X
1/ Later today @mcuban is one of the speakers on the NFTLA event and this is a reminder that 'his' @NFT page was responsible for many scams/rugs and many new people wanting to join the NFT space will likely have left the ecosystem because of this.
2/ Of course Mark Cuban said that he didn’t know about it (many billionaires are immoral hypocrites that pretend to be blissfully “ignorant” about unethical aspects of their own companies). See @coffeezilla’s short video for more background:
3/ Jason Falovitch (@jf_nft) together with Aaron Avruskin (@0xAA_NFT) were the co-founders of @NFT and @Leverage with Mark Cuban and Jason ("Mr. NFT" lol) posted a thread with his side of the story, 21 days after the original thread by @topshotfund:
4/ As usual it starts by saying that it’s all lies, and that he has done many good things for the NFT space, and even spent $250k+ supporting "unknown emerging" 1/1 NFT artists from "underdeveloped countries". The phony philanthropy always speak volumes.
5/ We wonder what methods they used to get their IG account so quickly from 0 to 1.7 million, but as always, there is much more that doesn’t seem to have been mentioned yet. If you ever wonder why no one publicly responds to our threads, that is the reason. There is always more!
6/ The analysis shared by @topshotfund was not completely accurate, as the mint price of many projects was far higher than mentioned in the overview (see the below 4 projects) and also other obvious scams/rugs were not mentioned.
7/ One of these scams is @MissUniverseNFt and it was not mentioned on the overview in the orginal thread. This was a project that @NFT heavily promoted, even with AMA’s with the “founder”, but it was a rug and the website of the Miss Universe has been deleted.
8/ Someone did an analysis and tracked exactly where the funds went. Thanks @magicienmaartre. But it gets worse – far worse. Why do you think @NFT promoted certain projects so much?
9/ We have received confirmation from multiple independent sources that Marc Cuban's @NFT venture offered equity to projects that had the potential to sell out. That would also explain why they received so much money from certain projects and why they did so much "due diligence".
10/ Let’s look at @ApesinSpaceNFT, a project by @1YoungTakeoff (who purchased a CryptoPunk with the profit that he made), what was shilled so much by @NFT that they even changed their profile picture into a Space Ape.
11/ The wallet connections with Apes in Space, which also has connections with the Miss Universe NFT. We noticed that 449 ETH was sent from the Space Apes wallet to another wallet that is associated with @NFT, and via that wallet sent 145 ETH is sent to Aaron and more to Jason.
12/ They use a lot of different wallets to obfuscate all the transactions, but this transaction of 449 ETH was from one project alone. So how much did they rake in from all the other projects?
13/ @jf_nft mentions that he provides “facts” with that pathetic chart that will only convince people with very low 2 digit IQs. The chart will certainly already look different now, and even more so in the future. Who are the "competitors" and how did you calculate their score?
14/ If @jf_nft wants to provide us with facts, he should release the whole list of all projects that @NFT promoted and the money that they generated on each project. If they did their DD so well, they should also provide the info of the founders of projects that were rugs/scams.
15/ Just so that people know, @NFT asked $20000-$25000 per IG post and the minimum amount was 5 posts, to they would rake in anyway $100k- $125k per project! They also suggested that more posts is relatively cheaper, so ideal for scammers with multiple projects.
16/ We also have confirmation from multiple sources that the @NFT team and the Squiggles team (a team involved in many rugs) exchanged “staff members” (via Luxury Equities by Ali S. and Gavin M.) so it’s all far less innocent and much more connected/orchestrated than it looks.
17/ Another prominent person, who is soon dropping his own NFT, is @jeremyfall. He was involved in @NFT was well, but deleted all tweets/references about it. Luckily we still have the articles that connect him and he seems now also cyber squatting IG accounts.
18/ This whole story is made even worse when you see an interview that Jason Falovitch did a couple of months ago. Not sure why he is filmed in something that looks like a prison cell, but maybe he is preparing for what is coming.
19/ In that interview he mentions that he doesn’t do it for the money, but that he "fucking" loves the work that he does, and also that almost any of the deals/projects listed on @NFT came to him in some capacity.
20/ And he mentions that people especially trusted @NFT because of Mark Cuban’s name on the page and the blue verified account. They tried to remove his name after this scandal came out, but the screenshots were already taken.
21/ Jason also mentions 2 websites that he recommends to everyone: Opensea and another one, because he is very close with the founder (a very good reason!). Of course he also deleted most of his incriminating tweets (as so often).
22/ So if you see Mark Cuban on the stage, always remember that he is only a billionaire because he sold Audionet/Broadcast.com to Yahoo, which is considered the worst internet acquisition of all time. So he is used to selling worthless stuff to naïve “fools”.
23/Imagine being a billionaire and trying to rip off poor teenagers by deceiving them into buying worthless JPEGs with their only/small savings? And not taking any responsibility for it, not feeling even ashamed of it, but going on stage and pretending to be a reputable NFT guru.
24/ Also remember that if you ever see a tweet from @jf_nft in which he asks which NFT to buy, he is likely buying it with your money that he gained via all kinds of dodgy scams. This whole space is filled with charlatans, and many are high profile names that operate in networks.
25/ To quote Jason again: "we're all in this TOGETHER. And remember WAGMI." Especially the billionaires that have already made it and who are going to make much and much more. We will write more about all these billionaires soon.
According to some people tweet 11 is not visible. We don't know why, but here is the info that we wanted to share in that tweet again.

There are wallet connections with @ApeInSpaceNFT, and the @MissUniverseNFt scam that we discussed earlier. Courtesy to @magicienmaartre.
We noticed that 449 ETH was sent from the Apes in Space wallet to another wallet that is associated with @NFT and via that wallet 145 ETH was sent to Aaron Avruskin and even more to Jason Falovitch via different other wallets.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with NFT Ethics

NFT Ethics Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @NFTethics

Jun 27, 2024
1/ This is a thread about Jeffrey Epstein and 13 ways he was connected to an interrelated network of people that created the foundations of today’s crypto space. This could indicate that the crypto ecosystem after 2013 (or even earlier) was part of an intelligence operation. 🧵 Image
2/ In 2017 Epstein shared his thoughts on Bitcoin and a WSJ source mentioned that he “claimed to work for the U.S. Treasury Department on cryptocurrency”. We decided to analyze Epstein’s crypto connections, in light of and taking into account his criminal/financial “track record"


Image
Image
Image
Image
3/ In the 1980s, Epstein was involved in one of the largest Ponzi schemes: Towers Financial. Its CEO, Steve Hoffenberg was jailed for 20 years while Epstein escaped justice. They were introduced via a British arms dealer, Douglas Leese (son Nick is listed in Epstein's black book)


Image
Image
Image
Image
Read 35 tweets
May 9, 2024
1/ This is a thread about the largest money-laundering casino on US soil that ever existed and its deep connections to Bitfinex/Tether, FTX, Donald Trump, US elections, Russia, Wirecard, intelligence agencies & the most powerful/dangerous gangster in the world: Semion Mogilevich. Image
2/ In 2014 the largest Bitcoin exchange at the time, Mt Gox, went bankrupt after having lost 744,408 Bitcoin in a theft by 2 Russians. Alexander Vinnik pleaded guilty to laundering $9bn. His exchange BTC-e (WEX) is now controlled by Konstantin Malofeev/Russian security agency FSB


Image
Image
Image
Image
3/ Vinnik has ties to FSB-linked Semion Mogilevich, “the boss of all bosses” of the Russian mafia, whose crime organization has immense global power/reach & is connected to intelligence agencies/politicians around the world. He made alliances with Italian, Chinese & Japanese OCGs


Image
Image
Image
Image
Read 31 tweets
Feb 1, 2024
1/ Today @0xFoobar launched a new universal name service, which might be an appropriate occasion to dox him using his universal ENS name that he once registered via an alt wallet. His role as dev allowed him to extract money from DeFi/NFT projects in often hidden ways. Image
2/ We have previously mentioned his role in RevestFinance, where he did a bit of work, and then left the project by dumping $720,000 USD worth of coins to his anon wallet. That seemed to be part of his modus operandi and way of working; he did exactly the same at another project.
Image
Image
3/ More recently he came in the news because he made a wrapper for FriendsTech, but didn’t disclose that he added a 2.5% fee. And he allegedly got $13k for an audit of MangoFarm which turned out to be a rug. He generally deletes his tweets and blocks everyone with any criticism.

Image
Image
Image
Read 7 tweets
Oct 6, 2023
1/ Dear @OpenSea, what do you think of the fact that your Head of Ventures, Kevin Pawlak, has been involved in various very dubious business dealings (e.g. Anubis) and pump & dump schemes under his pseudonymous identity @0xSisyphus (& 0xMagellan)?


Image
Image
Image
Image
2/ He also tried to influence decisions at OpenSea using his account without disclosing that he was an actual employee who would benefit from those decisions. Were you aware of this and do you approve of this behavior and these obvious conflicts of interest?
Image
Image
3/ When he was dealing with Alameda Research and telling them to buy Anubis ($ANKH), was that in a private or professional capacity? Was OpenSea ever involved in any of his “side projects”? How do you regulate potential conflicts of interest and insider trading of your employees? Image
Read 7 tweets
Sep 28, 2023
1/ In Oct 2021 the famous Anubis rug took place where an attacker was able to transfer $60m of ETH to a wallet, using Tornado cash to siphon off the funds. We provide an alternative theory of what happened: a premeditated rug by Sisyphus&Co with money being laundered via $PEPE.🧵


Image
Image
Image
Image
2/ The day before the Anubis rug Sisyphus AKA OpenSea’s Kevin Pawlak hyped the project in Discord & someone recorded it. He mentions he bought $420k and would buy more the next day, and that the worst case scenario is that everyone gets their money back if things don’t work out.


Image
Image
Image
Image
3/ Sisyphus writes the project is in safe hands and “cannot rug”. At that time all funds are in the hands of 1 person, Beerus (Ethan Cheung), who was fully doxxed at the time, a 19 year old kid, son of Mike Cheung Shun Ching, a prominent figure in the Hong Kong horse racing scene


Image
Image
Image
Image
Read 25 tweets
Sep 17, 2023
1/ A while back we did a quick investigation to see who @0xSisyphus was and we came to the conclusion that it’s Kevin Pawlak, the head of OpenSea Ventures. The timestamps on the pawlak.eth and sisyphus.eth addresses perfectly match (see next tweets).



Image
Image
Image
Image
2/ Here you can see that they both minted Zorbs (ZORB) within 1 minute of each other. They also minted sismo.eth DAO (SDAO) within 10 minutes of each other, but that was the 1st time Pawlak.eth became active again after 16 days (and his only action for another 21 days)


Image
Image
Image
Image
3/ Also the following timestamps perfectly match up, and given the very limited activity of pawlak.eth, we have now accounted for most of their actions that are perfectly in line with sisyphus.eth.
Image
Image
Read 7 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(