Thread by @CryptoAdd1ct

The Complete Truth or a Slow Rug?
Here is what happening with Pegasus Ecosystem @pegasusdollar.

A little background, which leads me to this investigation.

On April 17th, On Pegasus TG, the community showed concern that funds from DAO wallet and Dev wallet are being liquidated

to CRO and USDC. after that Pegasus Team communicated that they won't do it again.
t.me/PegasusDollar_…

However, this was not the case also not only did the Dao wallet and Dev Wallet solely liquidated but Dao wallets have been drained slowly (Slow Rug), details below.

once the dust settled, On April 20th, 2022, Pegasus Team announced that they are going to Increase the Expansion rate for the Boardroom. However, I noticed second after the announcement DEV wallet (0xb7924b5bc64fc57a0b816b57242fb725f3bf0fdf) made a 149K METF to SPES Swap.

which pumped the SPES price. (I was ok with that there is no concern here, However, it felt like that swap was made to create FOMO, which actually worked and people jumped into Buying SPES Token).

Later when price of SPES stabilized around 0.94 METF per SPES, I noticed some Sell orders for SPES which was coming from DAO wallets (0x2b1a5e5544c2494e0f783be3ce37243d208b52e5 and 0xedb3ea7e04a509e968b032bb6a3f31b79ac08c72).

I was concerned about those sell orders not only because they were reducing the SPES price but other people also followed(paper hands) thinking it was going down. Also, I was more concerned that there is no need to Sell SPES by the Pegasus team at this stage of the project

and you Pegasus committed not to liquidate them. (I know it was only swapped to METF, but still, there was no need). I showed my concern on their Telegram Group and After getting a basic response from the mod that I am creating rambling by asking those questions

and their MOD theory that getting more METF in case of PES goes below peg to support the peg I was kicked out of the Pegasus TG. My counterargument before I was kicked out was, that (DAO wallet) really doesn't have to swap any SPES to METF now to bring PES to peg in the future.

I explained this to "Pegasus_Ryan" and "darius_b4" about all this but it looks like they have no answer to those questions and they are ignoring me since then. I will attach some screenshots of what has happened.

All that lead me to start investigating further. And Now the Slow Rug Detail.

DAO Wallet - Main (0x2b1a5e5544c2494e0f783be3ce37243d208b52e5) send PES/SPES to DAO Wallet - 2 (0xedb3ea7e04a509e968b032bb6a3f31b79ac08c72)

which sells PES/SPES to CRO and send CRO to one of the Dev Wallet - 2 (0xb7924b5bc64fc57a0b816b57242fb725f3bf0fdf)[tx no : cronoscan.com/tx/0xde380146c… (35,505 CRO)] which further send CRO to unknown wallet(Dev wallet - 5 0x7bf080b6dd7920d95ae338d1fc35ee65509c514a)

[tx no cronoscan.com/tx/0xaa069bfa1… and cronoscan.com/tx/0x06a0a01ab…]
Dev Wallet - 2 (0xb7924b5bc64fc57a0b816b57242fb725f3bf0fdf) one of the Dev wallets also received CRO from secondary DAO Wallet - 1,(0x54788b1e09b0e9455e107968b413c91666e570f1) that used to get SPES and

PES from Main Dao Wallet sold PES, SPES [tx no cronoscan.com/tx/0x041cd6e92… (327,300 CRO)], [tx no cronoscan.com/tx/0x811eb583f… (380,011 CRO)], [tx no cronoscan.com/tx/0xa8fcf57d6… (362,008 CRO)]
DAO Wallet - 1(0x54788b1e09b0e9455e107968b413c91666e570f1) was selling PES/SPES to CRO even

after Announcement. DAO Wallet - 1 received PES, SPES from DAO Wallet - Main.
Dev Wallet - 1 (0x7be9f8b64ca76e4dd351caaa7a7b717e67aaab44) was used in past to sell SPES and PES to CRO, funds from this wallet went back to DAO Wallet - 2 and

Dev Wallet - 2.
[tx no cronoscan.com/tx/0x3d19c3782… (10 CRO)] shows the relation between DAO Wallet - 1 with Dev Wallet - 1.

Dev Wallet - Main (0x376bd12d9b1f87399c0b8f0865e4d9f0769bf066) is where they get their share of SPES and PES, Dev Wallet - Main has transaction history linked

to all of these secondary Dev and DAO wallets. one of the transactions is (cronoscan.com/tx/0x99b8a94d6…) where they sent SPES to Dev Wallet - 2 and further sold to CRO.
Dev Wallet - 3 (0x50756efc68aabb926ec50210834f3d1234fb1119) and

Dev wallet - 4 (0x9e13d9569c404dbef0a2f66968ddb562f2f8733b) did have transaction history and linked with Dev Wallet - 1(0x7be9f8b64ca76e4dd351caaa7a7b717e67aaab44). [tx no cronoscan.com/tx/0xc3afdb2b4… (100 CRO)] shows relation between DAO Wallet - 1 with Dev wallet - 4.

Dev Wallet - 4 received PES, SPES from Dev Wallet - 1, Dev Wallet - 4 send those to Dev Wallet - 3, and Dev Wallet - 3 sells, PES and SPES to USDC(even after the announcement that they won't do it anymore).

Dev Wallet - 3 (0x50756efc68aabb926ec50210834f3d1234fb1119) sold PES, SPES and Swapped USDC to USDT(cronoscan.com/tx/0xfd778adaf…) and Bridge them to some other chain(cronoscan.com/tx/0x2447b406a…) this was done after the announcement, Dev Wallet - 3 received SPES, PES from

Dev Wallet - 1 which actually received those PES, and SPES from Dao wallets.
Dev Wallet - Main(0x376bd12d9b1f87399c0b8f0865e4d9f0769bf066) recieved funds from and linked to Dev Wallet - Owner( 0x01b25e0d9aaa7a9b4e6e44d4011e276bad586fb7)

List of Pegasus Wallets
DAO Wallet (0x2b1a5e5544c2494e0f783be3ce37243d208b52e5)
DAO Wallet - 1 (0x54788b1e09b0e9455e107968b413c91666e570f1)
DAO Wallet - 2 (0xedb3ea7e04a509e968b032bb6a3f31b79ac08c72)
Dev Wallet - Owner (0x01b25e0d9aaa7a9b4e6e44d4011e276bad586fb7)

Dev Wallet - Main (0x376bd12d9b1f87399c0b8f0865e4d9f0769bf066)
Dev Wallet - 1 (0x7be9f8b64ca76e4dd351caaa7a7b717e67aaab44)
Dev Wallet - 2 (0xb7924b5bc64fc57a0b816b57242fb725f3bf0fdf)
Dev Wallet - 3 (0x50756efc68aabb926ec50210834f3d1234fb1119)

Dev wallet - 4 (0x9e13d9569c404dbef0a2f66968ddb562f2f8733b)
Dev wallet - 5 (0x7bf080b6dd7920d95ae338d1fc35ee65509c514a)
Dev Wallet - 6 (0x1bc8ab0043c96643bba86df891431e47d5ade328)
Dev Wallet - 7 (0xbd3f3c9292cfb9d68fc3fbc9970065bdcb5fed18)

I would like @MMFcrypto Team to investigate further and find out what Pegasus Owners' intentions are. Why DAO funds are slowly being drained, why did not they just use Dev Funds, Why Cross-chain Transaction.
Thanks, Everyone for reading this never-ending Tweet.

#Pegasus #Cronos #CronosChain #CRO #MMF #METF
@pegasusdollar @MMFcrypto @mad_sequence @mad_canvas @KatsuDonSan_MMF @Bouillaka_CF

@MMFcrypto Looks like Dao Wallet - 2 still Swapping $SPES to $METF. Looks like they don't believe in their product. it's just the $PES token that will go under peg and require backing at a later stage. what is the need of selling Share tokens? MM never sold MShare for backing purpose.

More details are here.

https://twitter.com/CryptoAdd1ct/status/1518261290006990848