Garry

AML officer / web3 researcher

[Garry @elxhick]

@cashedOutOnUs money over people, greed over love. That's saddest part of this story, RIP to the new BMW, even if it was electric

seems driving wasn't his strongest skill either

[Garry @elxhick]

real bug, not exaggerating lol, guy actually won $40 per the provider’s game logs, but our payout system glitched and credited him $336K instead backend issue, not the game

had to void it and just pay out the real $40 imagine watching your life change and then un-change in the same day 💀

[Garry @elxhick]

Bro just won $336,139 USD due to a bug in the casino system, how do I tell him that I'm voiding this balance? 🫥

[Garry @elxhick]

@loudzxbt the wallets really said ‘orderly wind-down’ while sprinting to the exit lol, thanks for spreading it

[Garry @elxhick]

@2wwd_ dm me mate

[Garry @elxhick]

BitMart moved $9M+ to other exchanges days before announcing shutdown 🧵

Jul 21-25: multiple 6-7 fig transfers from BitMart hot wallets to OKX/Binance/Bitget

Jul 24: CEO fired, not consulted @50Nent

Jul 26: "orderly wind-down announced"

@BitMartExchange

[Garry @elxhick]

@2wwd_ here's what went to Binance last week:

https://t.co/xkuVoFAZXz

https://t.co/Vk9C3XRPWR

https://t.co/APZDt9t26p

https://t.co/iE0lT4eNwl

https://t.co/X9B2GcB4Ug

https://t.co/sXOX8NrzS0

[Garry @elxhick]

@IWSXTR maybe this explains why $9M moved to other exchanges before the shutdown was even announced

https://t.co/6VPRexnPgZ

[Garry @elxhick]

BitMart moved $9M+ to other exchanges days before announcing shutdown 🧵

Jul 21-25: multiple 6-7 fig transfers from BitMart hot wallets to OKX/Binance/Bitget

Jul 24: CEO fired, not consulted @50Nent

Jul 26: "orderly wind-down announced"

@BitMartExchange

[Garry @elxhick]

@sigma_sentinel @BitMartExchange the wallets talk more than the PR team does🫡

[Garry @elxhick]

@xxdeeezxx @vladtenev 🫡

[Garry @elxhick]

@0xbruhmode @vladtenev ngl true

[Garry @elxhick]

@xxdeeezxx @vladtenev 100%. Worked at fraud/risk for a years, support agents are trained to help fast, not be paranoid. Add a bit of OSINT to sound legit and you bypass every layer of 2FA in one call

acc recovery is the real attack surface now, not passwords

[Garry @elxhick]

@cryptolyxe @vladtenev so u can repost it to your tg right after?💀

[Garry @elxhick]

@Jelitics I work in anti-fraud at an online casino , this ain’t rigged , it’s sample size + volatility, 1,285 bets isn’t nearly enough for RTP to converge to theoretical, high volume slots are built to have exactly this kind of drawdown. Sucks but it’s math, not “criminal”

[Garry @elxhick]

@StarPlatinum_ was literally at the concert while insiders were cashing out $1.5M off us 😭

[Garry @elxhick]

@0xCatKing @50Nent @BitMartExchange orderly wind-down’ but the wallets moved millions before the memo went out lol

[Garry @elxhick]

not defending the casino here, but even net negative doesn’t clear bonus abuse flags

1.01x dice bets are a classic low-variance pattern min risk to grind wager reqs and unlock bonus chests. casinos flag the pattern, not the outcome

sounds absurd but that’s literally how fraud detection works on their end

[Garry @elxhick]

meanwhile users are stuck, withdrawals frozen for hours at a time, "completed" emails with no funds moving, $30 test withdrawals pending 30+ min

reserves dropped from $102M (Jul 6) to $64M and falling

[Garry @elxhick]

Breakdown of the biggest outflows (all before the public announcement)
Jul 25, 10:05 - $2.95M USDG → OKX
Jul 24, 08:10 - $2.5M USDT → OKX
Jul 22 - $892K ETH → OKX, $788K BTC → Bitget, $790K BTC → Binance
Jul 21 - $570K USDC → Binance

[Garry @elxhick]

@0xmani @kimchi1x don't be kimchi

before you buy into the 'fortnite kid to trenches legend' story, read this from @SpecterAnalyst

https://t.co/ZQFUcg8hRH

[Specter @SpecterAnalyst]

It's crazy that CT has such a short memory. Scammers, grifters, and rug pullers are quickly forgotten.

There seems to have been a coordinated push around @kimchi1x, with CT claiming that he "made eight figures from the TRUMP token." lol

I decided to look into @kimchi1x . Based on my on-chain analysis, he and his group, including @orangie , have exposure to token launches, bundling, and rug pulls.

Since this thread is about Kimchi, I'll focus on him.

Wallet (publicly shared by Kimchi in a reply on X back in April 2024):

2yu3iNjH6zLa8Uqf1s4yKJ1kB9MHYPhMkDbpu8tLmBMC

Example 1 – $STAR
On May 30, 2024, at 13:41 UTC, $STAR was deployed. Within the same minute, the wallet linked to Kimchi bought 2.96 SOL ($407) and later sold the position for $45.6K.

Tx:
zWstdZjTHRGzPSEX5NPnfv7QS2412iroNx1HpwHNRBwu6UeyNA57ZMRcZRFfmDSi4V3uF7yHshA1YBKi3TncnF1

Example 2 – DADDY ANSEM
On June 11, 2024, at 23:38 UTC, DADDY ANSEM (not launched by Ansem) was deployed. Two minutes later, the wallet linked to Kimchi bought 4.94 SOL ($730) and later sold it for $14.6K.

Tx:
4DqJrynmKbaLLjPKLzZYfZwGPxSKtBCirH2Du2vDdd5Z7sfaGfA89W15x4VBzM5wzdm8BiMVA5xk1M8M9UGUut9c

Example 3 – MUVA
On June 26, 2024, at 22:45 UTC, MUVA was deployed. One minute later, the wallet linked to Kimchi bought 2.9 SOL ($407) and later sold the position for $53K.

Tx:
55ZSNgEMDQRKvAvhcSYicrUnPoxuTV1iUR5FdSVoFK7GGXJ4S2rAtEoZ62wh7S4F39DMAHN5guoxfAmpSQwWfwS7

An exchange deposit address also clusters five other wallets that bundled the same MUVA launch.

These are just a few examples. I decided not to dig through the wallet's entire bundling history.

they have a private group known as @pioneerfnf

While there is no verifiable evidence that @kimchi1x made eight figures from the TRUMP token, it's crazy to see someone with this kind of on-chain history being pushed as a role model.

It's crazy how CT celebrate grifters and rug pullers even after knowing who they are.

Stay smart.