az_crypto

In still early.

[az_crypto @azcrypto5]

I've signed up for the @SolisProtocol 🔅Presale

Taking my shot at joining the next generation of treasury-backed DeFi

Sign up here: https://t.co/WHcm9RPhtT

https://t.co/fTUpXNwLun

[cp0x.com @cp0xdotcom]

Help! I can’t take this abuse anymore.

The new hero: AO @aoTheComputer, by the Arweave team @arweaveeco @samecwilliams. And the story of frozen tokens.

In June 2024, I started farming tokens of a new project, AO, developed by the Arweave team. I won’t go into why I chose to farm or my opinion on the project—let’s get straight to the details.

Farming was simple: deposit ETH (then later DAI), give yield to the project and receive AO tokens on TGE (mainnet, transfers) scheduled for February 2025. The only requirement was to provide an Arweave address where the tokens would be credited—no other restrictions.

I hadn’t used the Arweave network before, so I looked for a mobile wallet that supported it. @MathWallet seemed to work. I took an address from there and made a deposit.

A few days later, I noticed I couldn’t connect MathWallet to see my earned tokens on AO site. So I picked a wallet recommended by the AO website: arweave(.app). I imported my keyfile from MathWallet into arweave(.app) — everything worked. Now I could see my stake on the AO website. Just to be safe, I bought a small amount of AR tokens, deposited them into my wallet, and tested a withdrawal—everything was fine.

So, then there was farming for 8 months. During this time, I occasionally checked the website to see my AO token balance growing.

February 2025: Mainnet (Transfers Go Live).

I was ready to transfer my tokens. But there was a catch—transfers were only possible from the Wander wallet. Okay, one more wallet—no big deal.

I imported my keyfile into Wander… error: “Key Length Too Short.”
Tried again—same error.

I contacted support, and that’s when I found out that because I generated my address in MathWallet, I was now completely stuck.

Support reply:
“MathWallet doesn’t generate a key length that works for AO. For AO, the key length needs to be 512 bytes. Keys that aren’t 512 bytes can’t sign AO transactions.
We block importing keys that aren’t 512 bytes because if you did import it, send AO or tokens onto AO to that address, you would not be able to transfer it off that address.”

Wait… What?!

AO’s deposit page never mentioned any restrictions on Arweave addresses (whatever that means—blockchains can be weird). It just needed an address, and the docs didn’t have (and not now) any warnings either.

I continued talking to AO support, and here are the exact quotes from our conversation:

Q: What’s the issue?
AO support: “Unfortunately, we don’t have a way to fix this currently. We have noted this issue, but it’s a problem with how the key is generated for the specific wallet you used to create it, and it isn’t compatible with the AO key standard currently.”

Q: What should I do? I followed the instructions on your website.
AO support: “This is honestly tough to answer. We are aware of it, but it may take some big changes to accommodate. I will report this to the team, but in the past, we haven’t had a solution for it yet.”

Eventually, AO support made it clear that this wasn’t their problem, since they don’t control third-party wallets. As a result, my tokens are permanently frozen.

Final:
“Unfortunately, we can’t control the different types of wallets created by third parties, or how they support AR.
....
This isn’t a mistake on our part.”

Reminder: AO = Arweave. So, the devs of Arweave are telling me they have no idea how addresses in their own network are generated?
Does that sound believable? The core devs of Arweave don’t know that wallets can have different key security levels?

Did they screw up? Or did they just not bother to list the restriction on the AO website? Even now, there are still no warnings in the AO interface, and farming is still active. The trap is still open.

Final Takeaway:
• I farmed AO tokens and followed all the rules listed on the AO website;
• I can see my AO tokens in multiple interfaces on my Arweave address;
• My tokens are frozen—I can’t access them because 8 months later from the start of farming, at mainnet launch, I learned that my Arweave address was somehow “wrong” or had a “short key length” (if you dig deeper into the keyfile);
• The $40K+ yield I paid to project? Of course, nobody is returning that.

I don’t have any demands or requests for the project, because I am completely defenseless. It is clear that this was not done on purpose. Just another huge disappointment.

[az_crypto @azcrypto5]

I earned 0.1123 $BLAST in @BLAST_L2's Phase 1 airdrop. Join the mission to UNBANK THE BANKED and earn Native Yield + BLAST in Phase 2!

[cp0x.com @cp0xdotcom]

love Bybit = love to be rekt

We would not like to write only about provocative cases in crypto, but this is the only way to point out problems in the industry. Today we will talk about the top 3 CEX exchange @Bybit_Official and their pre-market.

As you know, one of the main hits of this season is @Blast_L2. Therefore, many platforms added a pre-market of their token. For example, @aevoxyz, the pioneer of this market, opened the market back in November 2023. Since the premarket on Aevo is Perps, the platform indicated in advance that the calculation on the platform is based on the value of 1 billion Blast tokens. Thus, you can easily estimate the full capitalization and trade it.

After some time, other daps and many CEXs opened the pre-market trading. Bybit stands out here as the large platform. They also decided to open the Blast market at the end of May. But there is a peculiarity: these are not Perps, but P2P of future tokens. However, there was an established Aevo pre-market with 1 billion supply, so users began to trade on Bybit based on these figures. You can look at the trading history and see that the price fully correlates with the chart on Aevo. At the same time, the volumes on Bybit were quite high. For example, these were the deals on Bybit:
2024-06-04 06:34:00
5,000 BLAST at 5.67 USDT = 28,350 USDT
as well as many small ones in the range of 2-6$. All these 4 weeks, the price of Bybit coincided with the price of Aevo.

Today it became known that most likely the supply of the Blast token will be equal to 100 billion tokens. This led to a sharp candle on the Bybit premarket and now the token price is equal to 0.04. Conservative result x0.01 for any size. Yes, rekt to -99%.

Bybit support thoughtfully replies that we only provide a p2p exchange, take a 2% commission and are not responsible for anything else.

You can write that users need to read the terms before taking action. And you will be right. However, this is a terrible precedent when such a large player opens a market where the supply is unknown. Can you imagine how you can trade a token without knowing its supply? How is this even possible? After all, the price can fluctuate hundreds or thousands of times. This is complete absurdity. But instead of opening a p2p premarket (not perp) after the announcement of tokenomics, exchanges are rushing for their commissions and do not care about their users.

We are extremely disappointed with this policy of Bybit. They are trying to become a large player in the industry, but in fact they just want to collect commissions from you, and not create a fair market where the conditions are transparent. For example, when you go to the Blast premarket, you won't immediately find information about an supply until you accidentally click on a small, barely noticeable inscription with a dotted line, where a window with unknown supply will then drop down. Reminds us of our favorite footnotes in bank agreements, so that no one will see them. A great trick, because the main thing is that you trade. Therefore, it is quite easy to get confused, knowing about Aevo as an established premarket brand, on which this market has existed for six months.

Don't treat your users like Bybit does: users are not a cash cow

[cp0x.com @cp0xdotcom]

🔹 **In the crypto world, there are very few opportunities for users to be heard by projects. We strive to help our users if we find their requests and attempts to reach out to the project logical and well-founded. Therefore, we ask you to support this post with a like and retweet to increase the chances of catching the attention of the zkSync developers! And thank you for supporting us. This wouldn't be possible without our followers!**

**This post is from a member of our community, whose arguments we fully agree with and support.**

**Part 1: Appreciation**

Dear @zksync!

Thank you for one of the largest (17.5% initial allocation, 66.7% total) and most decentralized (>695k wallets, >200 projects) airdrops among blockchains.

The new value-scaling approach for allocation calculation is a positive step towards more equitable recognition of user contributions to the ecosystem. The value-scaling formula effectively differentiates between genuine users and airdrop hunters.

**Part 2: Request**

As a victim of the @Era_Lend hack, I kindly request the recalculation of allocations using the value-scaling formula to consider the IOU assets of users in the hacked @Era_Lend contract. These assets were not accounted for in the airdrop calculations. I believe many users will be grateful if the @zksync team acknowledges the value of IOU assets in the EraLend protocol when calculating airdrop allocations.

Thousands or tens of thousands of users were affected. The total value of IOU assets currently exceeds $5.2 million (according to data on the old version of the EraLend site: https://t.co/K5GIGL8h3b).

**Part 3: Argumentation**

1. EraLend users were among the earliest users of ZkSync. ZkSync Era launched at the end of March 2023, and EraLend launched shortly after. The affected users were among the earliest adopters who invested and risked their liquidity in the early days of the blockchain.

2. EraLend was a significant part of ZkSync (by TVL), affecting many users. As of the hack on July 25, 2023, EraLend's TVL was $18.5 million, and ZkSync's TVL was $189.5 million, representing about 10% of the total network liquidity. Other protocols, including @overnight_fi USD+, were also impacted by the hack.

3. The destination of the hacked funds is unknown. The funds in the @Era_Lend protocol have been inaccessible for nearly a year (hack date: July 25, 2023) https://t.co/kjLb0oqSuo. Additionally, please do not grant any bonuses to the EraLend team and related wallets due to their inaction regarding fund recovery and their involvement in exploiting users. More details below.

After the hack, the team did not help recover any part of the funds (from the hacker, their reserves, or income from the new protocol version). On the contrary, one of the admins withdrew money from the hacked pool, preventing users from doing so.
During August-September 2023, funds were regularly withdrawn from the wallet https://t.co/5sfPaeY1rl. Liquidity withdrawals were executed in the block following debt repayments by users using the admin function _reduceReserves. These funds could have been withdrawn by affected users if not taken by the admin.

https://t.co/Ev4DXMeOx5 (link to a screenshot in the EraLend Discord from 16.08.2023 showing the wallet is the admin of the contract)

The admin's justification for withdrawals was:

"Sedgewick | EraLend — 17.08.2023 12:43
It's just the team withdrawing protocol fees from the reserve to cover the legal expenses associated with our efforts to recover stolen assets."

"Sedgewick | EraLend — 17.08.2023 12:46
Just to be clear, these reserves are not user deposits. Instead, they represent a portion of the protocol's accumulated income. It's all transparent: https://t.co/pT45xctMMt"

** Conclusion **
I sincerely hope the @zksync team finds time in this rush before airdrop, and manages to take the time and dive into the problem. And after that will make a decision, which I as a long member of the community will accept in any form!

Thanks!

[az_crypto @azcrypto5]

🚀Just claimed 0.756 #BlastGold at @DistrictOneIO, the SocialFi playground with money games on @Blast_L2!✨

D1 received 2.5M+ Gold, 100% redistributing to users, two more Gold batches will come!

Join with invite code: https://t.co/VMv3nPjBni
https://t.co/kg8m90awgp

[DistrictOne @DistrictOneIO]

1. Introducing #DistrictOne (#D1) - Social Space with Money Games, on @Blast_L2.

Built by the @OpenLeverage team and powered by $OLE. D1 blends the fun of social with the thrill of financial games.

https://t.co/voqJyL0OvS

[🦕 British Vuhuhol 🦖 @Turugurdun]

Another new pool #1738 #OSMO/#PHMN was created at #OSMOSIS. @sunnya97, finally make the token #PHMN as verified. We know you can! Just put on your Wizard costume.

[POSTHUMAN ∞ DVS @POSTHUMAN_DVS]

Liquidity Pool OSMO/PHMN is created!

https://t.co/CVL7pmKnK4

@osmosis @OsmosisCC

[Napier @NapierFinance]

Quick, Llama needs you! #LlamaRace

The island of LST/LRT is filled with many foes, making navigation extremely challenging

Napier is trying to reclaim the city of Llama as the stronghold for LSD/LRT once again!

Yes, Napier's Llama Race starts... April 10th

[Artfi @artfiglobal]

Hello Artfian, good morning!

We are excited to announce our groundbreaking partnership with @ByBit_Web3. Brace yourselves for an opportunity to earn additional $ARTFI tokens through an airdrop at our Token Generation Event (TGE).

Join our reward campaign in collaboration with @Bybit_Official, commencing on Thursday, April 4th.

Keep an eye on this space for further details on how to participate in the reward campaign.

Know more about $ARTFI Token here https://t.co/RxgoeJ6fWC

Stay tuned!

[az_crypto @azcrypto5]

Stand beneath Sophon's canopy, where every leaf whispers peace.

[az_crypto @azcrypto5]

Verifying my Twitter account for my #GalxeID gid:udNCp3xi6PbVmUtKQbXPKR @Galxe

https://t.co/fGpVDeoXHd

[az_crypto @azcrypto5]

points go purrrrrr 😼

earn Zircuit Points on top of your LRT yield with @zircuit

https://t.co/vKJjTdgSs9

[Puffer Finance 🐡 @puffer_finance]

Quick, Puffy needs you!

Carrots have invaded our Ethereum waters, posing a threat to its decentralization. But no sweat – Puffy’s got this, munching on those carrots like a champ! 🐡🥕

Yes, Puffy's Crunchy Carrot Quest starts... TODAY!

Find out more here👇

[az_crypto @azcrypto5]

I VOLUNTEER AS TRIBUTE

@ggdotzip is Solana Hunger Games 🏹

I just claimed 343🇬 #gg

[az_crypto @azcrypto5]

@swellnetworkio Very simple eth staking. Even if you don't have 32 ether, you can still use ether for staking. Soon there will be a token for dao as well. Good luck, have fun!
#Swell #Eth #Staking

[Something is Cooking @RektSkulls]

Introducing Lil Skulls - a new NFT collection of 6'666 vibrant and unique pixel art PFPs you have never seen before!

FREE MINT + 6.666 ETH GIVEAWAY FOR MINTERS!

Join our massive Public raffle of 1200 WLs with only a couple of simple steps:
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[Nibiru @NibiruChain]

We are excited to announce that Nibiru ITN (incentivized testnet) registration is open!
📢Nibiru ITN consists of 4 phases
👉Register here: https://t.co/qw6cDOC0fK
🔥Successful participants will have a chance to enjoy a combination of rewards
✅Must complete all tasks to enter

[az_crypto @azcrypto5]

My wallet just became more secure through this @layer3xyz #CryptoSafety Quest: https://t.co/TsbkbZNcKJ

[az_crypto @azcrypto5]

I just learned about modular blockchains in @layer3xyz's #ModularBlockchains Quest!