I started using https://t.co/jalzaPtTCH back in August. I earned the OG badge, recommended the platform to friends, and brought several traders to it.
A while ago, I discovered a vulnerability that allowed anyone to drain the cashback wallet by artificially generating volume through the ETH/WETH pair without paying any trading fees, while also farming free points. It would have taken only a simple script to empty the cashback funds within minutes, or slowly siphon funds over time while accumulating rewards.
Instead of exploiting it, I reported it through their bug bounty program. I wrote a detailed report, included reproduction steps, impact assessment, and recommendations on how to fix it. According to their own docs, this clearly falls under "High Severity" due to the potential loss of funds and significant impact, with a listed reward range of $1,000-$5,000.
@stambouli_o1 reviewed the report, confirmed the issue, thanked me, fixed it, and rewarded me with $100.
Honestly, that was disappointing. I asked him whether he genuinely believed that, according to their own bug bounty guidelines, this vulnerability deserved the minimum $100 reward, which is listed under "Low Severity - Minimal impact, informational issues." His response was that he probably wouldn't have paid anything at all.
I currently have 147,000 points, 7 referrals who generated significant volume, an OG badge, a Wizard badge, and in the end all I received was 448 tokens and a $100 bug bounty for reporting an issue that could have been used to steal far more.
@base, @jessepolak, @davidtso, @lookonchain, @brian_armstrong, @a16zcrypto, @alliance, @cbventures
I was one of the very early users who started trading on @o1_exchange
Later I became closely involved with the project, consistently supported it, and maintained regular communication with the developers
Everything was fine until one particular moment the moment I realized that 95% of the airdrop had gone to empty wallets. The level of audacity honestly shocked me
What kind of community are we even talking about here? What project growth? What great product? The developers seem interested only in squeezing everything they can out of the community and then deceiving people, assuming everyone will stay silent and let it slide
To be completely honest, I don't even visit the platform anymore. At this point it's a matter of principle. When you realize you've been misled, it changes everything
Especially considering that I joined when the platform had around 70 active traders per week that was more than a year ago
Great work @votesa this report once again proves that this space desperately needs proper oversight and accountability. With actions like these @base will never build a strong community or earn genuine support from its users
People shouldn’t stay silent after all of this, because every move like this drags the crypto industry further down, and the first to suffer are @base itself and its community
/1 I pulled the @o1_exchange community airdrop straight off the chain.
95% of the tokens claimed so far went to wallets that had never made a single transaction, and almost none of it has moved since.
Here's what the distribution looks like.
How @aztecnetwork cooked (f*cked) its community
- first most of us joined aztec network by running nodes. In first days they created Apprentice & Guardian role to make us keep our nodes up to get those roles. Renting vps and rpc wasn't cheap, i spent more than $300 to keep my nodes up. Many of you may have spent more.
- they always have been flexing on how many active nodes they had (+25k) on their network, helping the decentralization of thenetwork
- they (Claire Kart & Roberto) created "the path of sacred flame". From uninitiated to Illuminated (uninitiated > initiated > Archivist > paragon > illuminated). Getting those roles weren't easy and it needed high effort.
- it doesn't finish here. They even created more roles like memelord, mastero, content chronicler, high attester, proposer commander, etc.
Getting those roles was pretty hard! e.g. only 1-2 memelord per week.
- they added weekly townhalls (added townhall roles as well to bring huge number of attendees). They were distributing roles in townhalls with shoutouts. They made us feel those roles are really valuable.
- people were creating contents, memes, articles, supporting aztec team tweets and etc. for more than 6 months even though there wasn't any infofi campaign. (Free marketing for Aztec)
- no one looked for any airdrop. We all knew there's no airdrop as claire Kart (aka mother of kitchens) was shitting on airdrops. But we expected something like Zama, perks for core community on presale. Like different FDVs based on contribution.
- they introduced CCA (aka max extraction sale mechanism). An auction with unlimited cap & unnecessary bs terms. They somehow gathered 300k random wallets for early phase as a reward for the community and for max extraction as well.
- they putted a random guy with x txs in uniswap with Illuminateds (the highest role in Aztec) in the same place! And what was the advantages for early participants? 25% of our bids fills in the first day at $350m fdv. Although the final fdv for us was around $390M-$400M and for public was $450M-$460M. Not much difference at all!
- "no airdrop but we love you". You actually hate us. Farming community and extracting money from community and leave them in loss≠ love
- they didn't even spend a penny to list their token at clearing fdv. They just let it go and still saying long-term bs as an execution for their bad performance at tge
- no matter haw good is your product. You're nothing without community and everyone know that. I've been in crypto since 2021 and never felt that i need privacy here. Privacy in crypto is only useful for thieves and hackers.
- >70% of tokens are in team and investors hands. Not even giving 1% to community...
So in the end, how are we supposed to support them? It's like scammers steal your hard earned money and expects us to support them for stealing our money 😂
No airdrop
No binance alpha
No node incentive
And still list below the ICO price, good job(scam) team. who is tanking the chart now?
Fonds or team?
Or maybe airdrop farmers somehow stole your tokens and are dump the price lower and lower??? 🤣🤡
@clairekart@aztecnetwork@Zac_Aztec