Nexus. Another scam
2026 is truly the year of scams, shutdowns, and disappointments in retrohunting. Almost every week another project we interacted with dies, and even the ones that finally reach TGE often end up scamming their community.
— This time it was @NexusLabs : from 2024 to 2026 they kept users busy with provers, testnets, farming, quests, and endless activities - and what did people get in the end? Pennies that you often can’t even claim properly.
— So what actually happened?
• As usual - nothing good. Another project that was supposed to become a technological Layer 1 ended up being just another scam, giving users a worthless “reward” after 1.5 years of farming, running nodes, and wasting resources.
• What did the project even do?
• Delayed mainnet over and over again
• Built random DEXes and protocols
• Ran 3 testnet phases
• Forced prover activities
• Launched a points system
• Added paid badge minting
• Created social farming campaigns
• Did countless collaborations
• Even built some kind of “ecosystem”
— But in the end it’s just some useless piece of garbage that barely works, and nobody even understands what it was made for. Most likely that $25M went into apartments in downtown New York instead.
— What happened at TGE?
• A few days before launch, people found their contract where token allocations were already visible. In Discord the team kept saying: “It’s fake, don’t trust it, no announcements yet.” Then suddenly, with zero communication, zero announcements, and no transparency, they quietly launched TGE behind everyone’s back - with a decent valuation and listings on major exchanges.
— At first it looked like maybe they were doing a stealth “alpha launch” similar to what Hyperliquid and Lighter did before. But then regarding the airdrop they simply wrote: “No airdrop - For fun.”
— So where did people get tokens from? Simple: they converted testnet points into mainnet tokens. The problem is - you can’t do anything with them. You can’t sell them, there’s no liquidity, no real utility, they’re just meaningless numbers sitting in the explorer.
— And you can’t even bridge them because there’s no bridge. Right now it’s literally just a useless placeholder token you can only look at.
— In reality people received absolute crumbs. Honestly, you could probably walk outside for 30 minutes and find more spare change on the street than what Nexus gave users through this “drop.” Another greedy company that kept the real supply for themselves while screwing over the community.
• How to check your virtual “airdrop”?
• Go to https://t.co/Inj7CzthRy
• Paste your Nexus address
• See your tiny amount of $NEX tokens
— Final thoughts
• At first the project looked solid: $25M raised from tier-1 funds in a single round, a decent-looking team, American CEO, ~50 employees, US office, launched during peak bull market hype - and in the end, classic crypto story: the money likely went into salaries, houses, apartments, and cars, while the community got left with nothing.
— And as always Binance Alpha users got treated better than actual long-term farmers and node runners. Same old market story
— Honestly, I’m just angry at this point. I no longer expect anything from most old projects that have already been farmed to death. Right now I’m simply flowing toward perps, prediction markets, AI, Base, some vibe coding, and generally whatever is actually relevant in the current market.
2026
#Arkham
For a long period of time, I have actively supported Arkham, shared information about the project, and consistently promoted it within my circle.
In the latest season, my referrals invested a significant amount — approximately ~$90,000 (this figure is verified, as these are people I know personally), making them some of the most active participants.
The points program has already concluded, and the exchange itself has ceased operations. However, despite more than a year passing since the program began, participants have received neither rewards nor any clear explanations. There have been no official announcements or clarifications via Twitter, Discord, or other communication channels.
As a result, participants who committed substantial time and capital to farming points are left without outcomes, communication, or transparency. This creates a strong impression that their contributions have effectively been disregarded.
We respectfully request a clear and official explanation regarding the final outcome of the points program, as well as definitive information on rewards, compensation, or any transfer of points to a new platform. Projects that value their reputation and community maintain open communication and honor their commitments.
We expect that this matter will receive the attention it requires and that a clear, fair, and responsible resolution will be provided.
Guess who just got invited to the @soneium Score S8 Party? 🎉
Startale App is on the VIP list.
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Node Runners Season 2 is live. Node Rush has begun.
New quests, Cache Strikes, and a fresh wave of collectible NFT glyphs mark the next phase of proving on Nexus.
Read the blog to learn how prospecting the Grid works:
https://t.co/nBIptQGXTm
The global financial system is in crisis.
Rising transaction volumes, increasingly automated strategies, and geopolitically fragmented institutions are exposing the limits of trust-based infrastructure.
Verifiable finance matters now.
https://t.co/wRbWivQ0eN
Introducing USDX — the native dollar of the Nexus economy.
A shared settlement layer for all apps, trades, and markets on Nexus.
One asset. Unified liquidity. Protocol-native incentives.
Capital is converging, and USDX is its native home.
Read more: https://t.co/aTv7gC7OTA
Week 3 of Node Rush has begun.
There have been 3,650 Cache Strikes in the last 24 hours!
- New badge: Lucky Strike
- New Strike Glyphs
- New quests
Keep your eyes open for new quests here: https://t.co/4tytEdA71i
Startale App is now integrated with Soneium Portal, bringing Season 7 Score access directly to the app.
Complete the campaign, powered by @GalxeQuest , earn your Soneium Score, and collect an exclusive NFT.
✅ Follow us on @StartaleGroup
✅ Follow @Soneium
✅ Retweet this post
✅ Visit the Startale App website
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Just unlocked my Gas ID via ETHGas 🪪
I'm a Teen Jack with 0.4361 ETH spent on gas since Beacon Chain - now fueling my climb to the Gasless Future and earned 180 Beans already.
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Introducing the Open Gas Initiative by ETHGas — a path to a frictionless onchain experience.
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Introducing the Open Gas Initiative - a way for protocols to subsidize gas for users, zero-code, for a seamless, frictionless onchain experience.
With OG cohort: @eigencloud, @ether_fi, @pendle_fi, @Velvet_Capital.
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Escaping high gas fees one bean at a time! 🫘
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Node Runner Season One is over. Here are a few highlights:
- Total Node Runners: 560,000+
- Quests completed: 2 million+
- Points distributed: 15 billion+
- Glyphs minted: 765,000+
When we looked at consistent uptime — the metric that truly separates node runners from spectators — a clear winner emerged.
Crew ACK, leveraging its high percentage of Validator/Node Operator runners, demonstrated unparalleled endurance and technical stability.
ACK: Led the daily uptime ranking for 14 out of the 21 days of the Gridcrew competition, accumulating 333 hours as the leader (68.66%).
FIN: Showed strong operational discipline, holding the top spot for 151 hours.
SYN: SYN led the daily rankings for only one single hour across the entire competition, holding the top spot for zero full days.
Congrats to the ACK crew and thanks to all Node Runners for participating.
Gridcrews team medal images and videos are now listed in the Gridcrews Finale collection. You can mint yours (or all of them, if you prefer) to commemorate Season 1: https://t.co/igyarR1FUh
Stay tuned for more details about the future of Gridcrews soon.