They assert that the same company people under the shell company named Ferrum HK Limited was behind @LinearFinance (a HK team/project which was once very popular on BSC back in the day), and also @zkLend.
In this old 2022 WebArchive, we see that Kevin Tai (CEO of Linear, $LINA) was once listed as an advisor to the project.
Not only that, but there's similarities in the dev team too, by googling the words "zklend" and "linear finance", an overlap exists here too - by the name of Jonathan Lei.
Of course, this is nothing too big or too upsetting, there's not a lot of talent in crypto and a lot of them indeed have multiple jobs at once.
But..as @bigcockfuckass says:
"jonathan lei, kevin tai , jane ma , brian fu 4 co founders share many other rug projects"
Big coincidence?
There's now also an informant/insider talking about the scrubbing of this information from the public domain, post-exploit?
The account going by the name of @informant003 alleges this.
The whistleblower account addresses similarities between the 2023 Linear exploit too, albeit that one was much smaller in scope: 250k USD or so, give or take.
The credence to this being orchestrated at best or just gross negligence at best comes from this screenshot too - the CMs/admins telling people everything is normal when indeed things weren't normal.
Even if this were indeed just 3rd world CMs on a weekend, the fact that @Starknet has not stepped in any way to save their #1 protocol tells you all that you need to know.
This is very sad, as a lot of people have lost money and put their trust into @StarknetFndn to do due diligence, especially on their #1 protocol.
This is the same as if AAVE or Kamino on Solana got hacked, and shows the negligence of the Starknet officials (as if a -95% governance token wasn't enough..)
Some have already reported on this rug and how stupid it is to not have the foundation do anything, rightfully so.
A friend got drained for a bit north of 2 BTC (140k+ USD) back in late 2022.
Back then, he had NO IDEA how it happened.
It wasn't even a signing tx issue.
He only realised a few months ago what the attack vector was and why it could have been COMPLETELY prevented... 👇
Before we start, you need to clarify a bit on what two things keeping your assets safe are:
1. Seed Phrase (generally higher in hierarchy) - A sequence of 12/24 words that allows access to a bunch of wallets, each with their own pkey (private key for short)
2. Private key - alphanumeric string, when imported into MM/Rabby/Trust gets you access to one and one wallet only.
When generating a wallet address or the first time via pretty much any app (Phantom, Rabby, MM, whichever) - you will be prompted to write down these 12 or 24 words, and if you're not stupid you'll use pen and paper like they advise you to, not save it to a google drive (lol) or notepad .txt (lol) or a whatsapp chat or something.
If you never export your pkey, once generated, via the options in a wallet, you should be fine, and basically if:
the seed phrase is safe = wallet is safe
Hardware wallets work the same way, except you cannot (theoretically) export the private key in any way.
So they handle half the job for you - you just need to keep the SEEDPHRASE safe.
This is important, we'll get back to this later.
In 2021, my friend, who was active on various EVMs, including @harmonyprotocol, made a decision to stake the $ONE for juicy yields at the time.
Bear in mind EVM was what we considered nascent back then.
So naturally, you had to use their extension on Chrome.
~ A Primer On @daosdotworld And What It Actually Is ~
~ The Story So Far ~
You've probably seen this on the timeline a few times, but you feel overwhelmed? Is it even legit?
Want WL?
Don't worry, this will explain it..all of it 🧵👇
Before we begin, drop this a like and a bookmark.
If you ever need to come back to it, because we'll not only be talking about what it is and what it will be, but also what inspired it, who are these people behind it, and what the story is thus far.
New developments happen every day, so pretty much in 2 weeks this thread will be outdated, but don't worry, I'll keep updating you on whatever is happening..
1/ Who are these people and what is @daosdotworld?
It's simple; it's a platform on @base specifically designed for launching meme funds, at worst, and complex, interwoven financial products that also allows creators/fund managers to raise capital through Decentralized Autonomous Organizations (DAOs), giving them control and transparency in fund management.
Many have hailed this to be the return of the DeFi 2020 Summer boom, and even the chain's own head figures, such as @jessepollak are not impartial to this notion.
The building of the product had officially started in late December of 2024 with just two people @AzFlin and @hardshelldev, but many (over a dozen) have banded together in helping out - whether it's via graphic design, coding, awareness building or anything.
You could say there's indeed a small company behind this, and you wouldn't be wrong.
What's specifically important to note here, that many seem to forget, is that this is the first product of its kind on EVM - which, as the founders themselves have stated, is very very important, due to many properties of the EVM, composability, ease of bringing in 'old tech' with a fresh coat of paint, and having familiar concepts that people can band together over both in spirit and financially.
Or, how @AzFlin himself put it on Dec 23, 2024:
In the past 4 weeks, we've seen a total of 4 "memefunds" launching:
These are currently @AicroStrategy with their $AISTR, @ALCHDAO with $ALCH, @DR3AM_AI's $FDREAM and $AR AlamedaResearchV2 from @0xamericanspiri, in no real order of sorting, with a fifth one, @3berascapital_ launching soon.
They've all done fairly well both price and volume-wise, but the real story and Willy Wonka Chocolate Factory is the whitelisting process for each of these, each subsequent whitelist criteria getting more stringent than the former.
While the first two have been rather easy to get onto, if you were just showing up and 'vibing' with the community, the last one was difficult, and the next one is even more.
People have even gotten to the point of printing out real world ads and QR codes and 'shilling' in their own cities..it's that deep.
Ultimate First Trip To Japan Guide 🎌
(as a clueless crypto fren)
Chances are you have made some money this year and you're ready to treat yourself for the next year.
Here's some tips on how to have a great time but also save some of it👇🧵
1. Where to land?
Your first order of business is where to land, you really only have 3 options as a first timer.
KIX (Osaka International, bit of a trek IMO but nothing too bad)
HND (Haneda - central Tokyo, easiest of all to get to)
NRT ( Narita - technically pretty close to Tokyo, metro/train runs to there as well)
I have many friends who have opted for KIX because they'd go do the famed:
Osaka-Kyoto-Tokyo route
But you don't really need to do that, you save about maybe $120 this way, if you land in Osaka - because you don't have to do Tokyo-Osaka-Tokyo by Shinkansen, you can just do Osaka-Tokyo (or rather, Kyoto-Tokyo) and that costs $120 less.
Really, just pick whichever flight is cheapest, and if you book return flights, be aware you need to go from the airport you landed in, so yeah.
Economy class is the way to go, especially Chinese carriers, as they've become noticeably more competitive recently, and also the past week or so the two countries have, among other things, agreed on bolstering tourism between one another.
Be aware that most Chinese planes kind of suck in the WiFi or comfort department, but the people are super kind and the food is really good, even for westerners, you won't be disappointed and feel like you should've booked something else..and if you can't handle 10 hours without a wifi..then...sorry to say, maybe you're not cut out for traveling.
2. What to prepare before you land/after landing?
Assuming you have visa-free access, register online to get your QR codes ahead of time - it's basically a PLF (passenger locator form) most countries ask you to fill out; where will you stay, how long, are you a terrorist, are you bringing in dangerous substances, lots of money, exotic animals, banned food, etc.
Doing this beforehand is not mandatory, can also do it if there's a long enough queue and you have a SIM card ready - immigrations takes about 30-50 minutes on average, sometimes less, sometimes more, depends when you're going and how lucky you are.
Speaking of simcards, I'd go for something like Global Yo/Ubigi/Airalo, these are all eSIM providers, go for what is cheapest.
Avoid the ones sold at the airport, even the ones that say unlimited 4G, they're throttled after a certain amount), they suck, I had issues with those.
Just go for an eSIM provider of your choice, there's little that can go wrong, go for what suits you, can use also those websites that compare esims, but I just prefer to do it myself.
I've spent many, many months following these, in detail, hence, I am proud to present:
My BIGGEST analysis of the Solana airdrop landscape EVER, with over 15 protocols that are absolute COOKS, jump in, there's something for everyone 🧵
This thread is something that you absolutely need to bookmark due to the sheer breadth and scope of it.
I've spent many hours crafting it, and it's a WIP that will only be updated. I will answer and expand upon any questions you might have, so feel free to comment and correct me where I've possibly made a mistake.
This is a collective effort, not just a one person thing.
The format of this guide is simple: I will explain the outline of each protocol, and give you a:
-> Personal rating /10 (subjective, explained below)
-> Reasoning (explanation of rating)
-> Actions to take (which I believe are the best way to participate in certain protocols)
I firmly believe that EVM airdrops are cooked and the r/r is much on the side of Solana based ones, and I have anecdotal data to support it:
Most airdrops on EVM have cost me time and energy whereas Solana ones were very easy to get into and participate in, much less crowded too. Bridge over, the water's fine.
The list below is NOT in any order of preference, it's a random order, take the personal ratings and explanations as the 'official rankings' of mine.
Feel free to like the post above, let's go.
1/ @sanctumso Season 2
Not much to say other than..
-> World class product, LSTs are the future of Solana (as echoed by Solana cofounders themselves), 1B+ TVL
-> Interesting experimentation with making an unruggable way of monetizing 'paid groups' and various perks and tapping into the creator economy
-> Lots of usecases that are starting to become more and more apparent and worked on as weeks go by
-> Lots of cupcakes to be earned as the months go by, points (most likely?) accruing behind the scenes in some way shape or form
-> Costs you zero to use it as opposed to something else in both safety and yield terms, and lots of the airdrops and methods explained here utilize Sanctum LSTs
----------
Personal rating: 10/10
Reasoning: Eclipses any other staking offering of SOL, battletested, effortless to be part of, one of the absolutely best teams in cryptocurrency, +EV to use.
Action: Buy any LST you like and see where that gets you in terms of yield, and stay tuned for a personalized one from me at some point in the future too 🫡
For Session One, they've added @ambient_finance and @NuriExchange, retroactively, as well as @aave @pencilsprotocol and @Tranchess.
We've been over these before, and these are basically Time x Capital.
BUT, if you don't have $$$ to park, you have to think outside of the box.