KYC is the act of throwing 99 innocent people under the bus in order to make law enforcement's job catching 1 bad guy a little easier.
The 99 shouldn't tolerate it.
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https://t.co/g39CC9a8Pp
Community Alert: The group of scammers who stole 8 figs with Magnate, Kokomo, Lendora, Solfire, etc is back with a new project on Blast @Leaperfinance
Last week they funded an address on Blast with ~$1M of laundered funds from the previous rugs and have begun adding liquidity to bait people in.
Tracing:
1). 1 week ago 0x46a moves ETH a few hops from Magnate scam to 0x10e 0x46a10e7444bf78736E6a24b1De8dc8A20E4B3ED7 —>
0x10ef5bb874b226bdd6860f00d5e5a2aa3e955b9a
2). Bridges to 0xAc9 on Polygon 0xAc973E1Be91fe8674dff2E0de4A9375803Ae4435
3). 0xAc9 transfers wETH to 0x08
0x67b5d330001c6b281a83fbcb2cf90119f2d72b3a42352abbfafb7ea72e91a34c —> 0x085817190C2e9949F67e8144B45383E3C5890457
4). 0x085 bridges wETH to Base via Orbiter
0x085817190C2e9949F67e8144B45383E3C5890457
5) Repays borrower on behalf of another address 0x1174 using Sonne Finance
0xb84987d765bd6f53f6a4273f80d100e56a786e7383e687d5fb1bd534da381a92
6) 0x1174 bridges 294 ETH from Base to Blast via Bungee
0x1174f03604B606bcFe50aaaf96af4477f3E81977
7) Swaps for LEAP and becomes top holder/deposits to protocol
0x7606c8e3b35dde1186f90a84d6ef91d108db672f85bf82ecf00a877b489f4d99
0x67243b69c6e3b2904b1fecc68ab4fa210ec9201ff6590c4cc27808d5192de315
Research was co-authored with @bax1337
In the past they let the TVL grow to 7 figs before stealing all of users funds deposited to the protocol and falsify KYC documents + use low tier audit firms.
They now have launched scams on Base, Solana, Scroll, Optimism, Arbitrum, Ethereum, Avalanche, etc.
$BOOP looks like it wants to go on a $BRETT type run
Arbitrum is starving for meme volume and this looks like it’ll to be the catalyst
Not fading momentum when I see it in meme markets. Seen this story play out many times 🔜