I'm about to expose the @EnvelopeOnArc scheme — right here, right now 🧵
Several @arc community members asked me to dig deeper into this project. So I did. And now I'm going to show you exactly how they're taking your money.
1. The surface-level problem: outrageous fees
10% bridge fee on EVERY transaction
Gas purchase: 175 eUSD = 1 USDC
Token deployment: $200 each
But that's just the tip of the iceberg. The real question is: how are they farming everyone's money BEFORE the official Arc bridge even launches?
2. The on-chain evidence
Check this out: https://t.co/id2Re7vT2y
Click "View on Base" and you'll see it yourself — every single one of the first wallet clusters traces back to ONE master wallet.
I scanned every eUSD mint transaction and found something critical: all of the earliest eUSD mints originate from a single source — which is almost certainly the project team itself. They tried to hide it using mixers, but the trail is clear: everything splits from one wallet, at nearly the same time, just seconds to minutes apart.
3. The playbook
To be clear: they're not directly stealing your money — but they've engineered a system to farm every dollar from people who FOMO in. Here's how it works:
They bridge "their own" USDC to Arc through their own bridge (costing them nothing)
They use those funds to create tokens AND buy early positions in them
The moment real users flow in, they slowly dump for massive profits
And it's STILL happening — they're actively minting more eUSD and buying their own tokens to manufacture FOMO
4. My ask
I'm calling on @ArcDEXScan to delist their tokens. Projects like this have cost real users real money — and they're damaging the reputation of the entire @arc ecosystem.
Scams like this don't just steal from users — they poison the well for every legitimate project and real builder on Arc.
Please share this post. The more people who see it, the fewer people get burned 🙏
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