This article is in response to:
The Good, the Bad, and the Rugly.
There’s a reason why people compare DeFi to the Wild West, and the past couple of days on Binance Smart Chain have been…
For those of you reading this, including the #WarOnRugs community, I understand that what I am about to present to you will seem as an attack on #WarOnRugs. However, truth be told, that is not my intention. It’s important that the DeFi community is provided the opportunity to have a more complete picture of the situation without any bias or idolization of #WarOnRugs.
So instead, I’ll leave you with the following materials below. Upon review and investigation, you can decide whether to further invest or not.
On a last note, to quote a passage from Economic Warfare: Secrets of Wealth Creation in the Age of Welfare Politics (Abdelnour 2011):
“Trust is earned, respect is given, and loyalty is demonstrated. Betrayal of any one of those is to lose all three.”
March 28, 2021
Largest stakeholder identified with >9% of Fairmoon’s total supply. Address holder: 0x485d2f761089b01623d3d6d31fd06e7c75d0373c is identified below.
Address 0x485d2f761089b01623d3d6d31fd06e7c75d0373c | BscScan
The Address 0x485d2f761089b01623d3d6d31fd06e7c75d0373c page allows users to view transactions, balances, token holdings…
March 31, 2021
Announcement of the IDO partnership; team/dev tokens are recognized.
Largest stakeholder with >9% of Fairmoon’s total supply partitions holdings into 4 separate wallets (same wallets that dumped prior to the warning)
Address 0xc3d14c43960092a7923cb938fcf1260fb9d6ee0b | BscScan
The Address 0xc3d14c43960092a7923cb938fcf1260fb9d6ee0b page allows users to view transactions, balances, token holdings…
Address 0xaf61f73a8f2ec78ac2310fa88c52d6d3447c4e3e | BscScan
The Address 0xaf61f73a8f2ec78ac2310fa88c52d6d3447c4e3e page allows users to view transactions, balances, token holdings…
Address 0x23a446a94b81cbe3b3568c7c3a4dcd29509c0d0b | BscScan
The Address 0x23a446a94b81cbe3b3568c7c3a4dcd29509c0d0b page allows users to view transactions, balances, token holdings…
Address 0x42ce6d488dae1d48b88421a8a985fd8b424825c5 | BscScan
The Address 0x42ce6d488dae1d48b88421a8a985fd8b424825c5 page allows users to view transactions, balances, token holdings…
The partition of wallets were done around the same time.
April 7, 2021 (and prior to)
Prior to April 7, key issues within the smart contract were discovered. However, only a small group of people, including a top stakeholders and their friends were notified. The initial heavy dumps took place around this time.
April 8, 2021
Several hours (8+ hours) prior to the announcement of the smart contract bug…. this (100 rekt).
Announcement by WOR much later that day. By the way, funds are safu.
Personally, I don’t believe in coincidences. What are your thoughts?