The Cap founder is lying here.
He claims that the address of the largest YT buyer, the one that received the biggest share of Cap's airdrop, isn't his.
According to him, it belongs to an "old colleague."
But the same address he denies owning 0x23d0f8944468F79FB06850c136a0E6B3Ee4a450F minted the megaben.eth ENS name two years ago.
Coincidence or not, Cap's founder is also named Ben, and Cap originally started as a project incubated by MegaETH.
Benjamin claims that because the address belongs to an old colleague, that colleague minted the ENS name on his behalf. But that explanation doesn't make much sense. There's little reason to have someone else mint your ENS name for you.
Another suspicious detail is that Benjamin started teasing a major announcement, which ultimately turned out to be about the Stabledrop, on Jan. 10.
Had the Stabledrop happened as Cap originally planned, YT holders would have made substantial profits.
This matters because the wallet address of the largest YT buyer began accumulating large amounts of YTs less than two weeks before the Stabledrop announcement hints, on Dec. 27 and Dec. 28.
By then, it's very likely that Benjamin had already decided to announce the Stabledrop in January. After running the numbers, he would have known that YT holders stood to profit significantly.
So he likely tried to farm his own airdrop for personal gain.
I could go on, but the conclusion is this:
There are far too many coincidences pointing to the largest YT buyer's address belonging to Cap's founder.
Anyone who believes what Benjamin is telling is naive to say the least.
$CAP crime season
turns out the reason why @Benjamin918_ was pushing for “YT-only” rewards was because he’s one of the biggest buyers of YT on @pendle_fi
shame on you @CapApp and the whole team!
full crime details on quoted post👇
if you still have money on the protocol for the homestead program ~take it all now as the team don’t have enough funds to give rewards
WE’VE BEEN BAITED LMFAO
@CapApp Not honoring @pendle_fi LPs while you owe most of your growth to them is crazy work.
Calling all defi actors to boycott @CapApp and their dirty practices.