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- THE RUG PULLERS :
Your Ultimate Guide to Spotting Scams and honeypots in the Crypto Wild West"-
{NEWBIES & DEGENS }
A small thread 🧵🪡
i talked about the GPU problem a while ago
and i wanted to actually look into how $YOM works instead of just mentioning it, so I did
in their pitch, they skip the centralized data center, and just pull compute from a distributed network of GPUs that already exist
it sounds good on paper. every decentralized infra project says that though
guess what they actually use all that for?
GAMING,LIVE STREAMING, REAL TIME AI INFERENCE
the stuff where a few milliseconds of lag ruins everything
with centralized cloud your request has to travel to one company's data center, get processed, travel back. doesn't matter how far that center actually is from you
that round trip is the lag
distributed compute flips it. whatever's closest to you handles it
real difference, not a slogan
their mainnet only went live back in June, currently sitting right at its all time high around $0.10, market cap just under $13M against an $80M FDV
still very early by most measures
does it hold up once real demand hits it though? genuinely don't know
the logic fits the problem at least
that's rare
THE WORLD IS RUNNING OUT OF GPUS
I been noticing this for a few months and it's been bugging me
every AI product you and I have used, every new model from "GPT to Gemini" everyone's hyping, it's all quietly renting speed from the same small pool of compute
and that pool is getting smaller and smaller every hour
we're all out here arguing about which model is smarter
someone is actually hogging the compute all of them depend on
that's the real bottleneck to me
not intelligence
infrastructure!
specifically the kind that can handle real time stuff like gaming, streaming, live inference without the usual centralized lag
infrastructure controlled by three or four companies is exactly the kind of problem decentralization exists to solve
spread the compute across a network instead of routing it through one company's servers
a few projects are already trying to build that
@YOM_Official is one of them
hey guys
im looking to hire an artist, I need to make a new banner.
If you know any please tag them below.
ps: drop your portfolio or recent work in the comment section
CZ DOESN'T HAVE THE POWER TO FREEZE ANYTHING
but he's got enough motion to make Bitcoin devs seriously consider doing it themselves
he went on a podcast last month and said this
"if we do nothing, we're basically giving those coins to someone who is going to hack them"
he's talking about Satoshi's 1.1 million Bitcoin
his idea was to give Satoshi 6 to 12 months to move the coins after a post-quantum migration
if they move them, then the community decides whether to freeze them
it sounds pretty reasonable
then Michael Terpin spoke my mind
"freezing coins would create a precedent of permission in a permissionless system"
and that's the actual debate
not whether quantum computers are a real threat (they are lmao the cryptography behind old wallet formats is genuinely dog water)
the debate is whether Bitcoin can freeze a wallet for a good reason without becoming something it was never supposed to be
one account put it simply
"if they can freeze one wallet, it can freeze any"
we watched Arbitrum freeze $71 million a few weeks ago
everyone said that was different because it was a hacker
this is different because it's protecting the network
there's always a good reason
some food for thought for you
two months ago this man told a reporter he had nothing to do with a $15 billion crypto fraud network
this week Tokyo police disagreed
he wasn't arrested for the fraud though
he got picked up over a residency form he filled out wrong
here's how we got here
back in 2015 a man named Chen Zhi started something called Prince Group in Cambodia
property development, tourism, financial services, the kind of thing that looks completely normal on paper
by 2018 something else was happening underneath all of it
scam compounds, pulling in over $30 million a day, running pig butchering schemes
you've probably heard the term. someone builds a relationship with you online for weeks, sometimes months, gains your trust, then convinces you to invest in something that doesn't exist
the money from that got layered through a real bank, real businesses, yachts, jets, art
operating across more than 30 countries before most of the world even knew the name
last October the US seized 127,271 BTC tied to this exact network
$15 billion at the time
the largest forfeiture in DOJ history
Chen Zhi got arrested in Cambodia in January, extradited to China
this week, one of his senior people finally slipped up
not on the scams
on paperwork
here's what actually matters though
behind every number in this story is someone who lost everything to a person they thought cared about them
and in a lot of cases, someone who was trafficked and forced to run these scams against their own will
crypto didn't invent this kind of fraud
it just made it faster, harder to trace, and easier to hide behind something that looked legitimate for years
worth remembering next time a project tells you not to ask too many questions about where the money actually goes
remember when JaredFromSubway took a bag off Vitalik himself
that was years ago, and this bot has been front running retail trades ever since, pulling millions off normies daily while everyone called it "efficient markets" like that made it noble
this week the king of sandwiches finally got eaten
someone spent weeks setting up fake tokens and fake pools, the bot saw what looked like easy arb, approved everything, and got drained somewhere between $7.5M and $15M
no hack, no leaked key
just classic approval laziness, the exact thing it's spent years punishing everyone else for
and you guys are losing it with "karma is real" posts like you didn't help feed this thing for years
everyone was completely silent when it was printing money off regular people
now it loses once and suddenly it's "hunter becomes hunted" and everyone's acting like justice got served
pick a lane
you weren't against the parasite, you just didn't like which side of it you were standing on
meanwhile the rest of the timeline is exactly what it always is
BTC stuck at $64k doing absolutely nothing while ETFs quietly bleed out
Solana is nothing but $Fartcoin, $Buttcoin, and endless "comment your wallet for 0.1 SOL" giveaway bots
actual builders dropping real gaming and NFT updates are getting 12 likes while everyone's busy clapping for a bot eating another bot
this is the bar now apparently, pathetic
one bot stole from traders for years
a smarter bot stole from that bot
you guys are throwing a parade for the new thief like it's a win for the little guy
half those drained funds are probably already mixed and rotating straight into fresh meme positions as we speak
nothing got fixed, nothing got learned
same theft, just a different wallet doing it this time
revoke your approvals
stop riding MEV bots until they get rekt and then acting heartbroken
most of you are still exit liquidity, I’m just waiting patiently for the next cycle to remind you
"karma" isn't real here
it's just whoever has the better script this week
while half of CT spent the last 18 months turning into AI slop machines farming InfoFi points on platforms that eventually got banned, Pudgy Penguins was just quietly doing this
no daily challenges, no gm spam with 47 project logos, no washed KOLs with .sol in their name
just penguins sitting on shelves next to Pokemon in every Target in America
started as a near dead NFT project in 2022, most people had already written it off
Luca Netz bought it anyway and just started putting penguins on shelves instead
by 2023 they're a top seller on Amazon, in 2,000 Walmart stores
2024 that's 3,100 Walmart stores plus Target nationwide
then Walgreens, then Japan
this weekend their TCG, Season 3, a Pudgy and Moonbirds crossover, went live nationwide in every Target
not merch. they're in the trading card aisle now, going up against Pokemon directly
every toy and every pack has a QR code
kid gets it for $10, parent scans it, they're inside Pudgy World
no wallet, no token talk, nothing that smells like crypto
zero Twitter farming required for any of this
10,000+ stores. 2 million units sold. $13M in revenue that doesn't care what BTC does today
everyone spent this whole cycle talking about attention like it's some new currency
bot farms, point systems, platforms that got suspended halfway through the season
Luca wasn't LARPing any of that
he just built something people wanted to put in their kid's hands
shelf space beats floor price
real attention beats farmed engagement
so back in october 2025, MegaETH reached out to an artist named Shiro
they wanted her to be the cultural backbone of the chain
she built 4,520 hand drawn pieces, 500 unique traits, 28 one of ones
they pfp'd her work, called it the cultural flagship, used her name to pull new people in
she held up her end
there was alot of bad signs
reward farmers were already reporting net losses after TGE
activity was low despite all the real-time execution claims
builders were quietly leaving
we were already calling it Dead-Fi
these things don't appear overnight
the launch kept getting delayed
november became february
communication got thinner every time she asked questions
she minted out anyway, raised 130 ETH from her own community, built her own following
then Terminal, the thing they "promised" would power her project... just shut down
no warning, no conversation
they just went quiet
...
now her community is falling apart, builders are leaving, and everyone is pointing fingers
she posted a full thread this week, check it out on @shiro57102
the other side fired back, called her community the most toxic on the chain, questioned the 130 ETH, said they drove builders away
...
but zoom out for a second
this isn't about Shiro vs MegaETH
this is what happens when a chain raises on culture, uses artists to build credibility, then quietly drops everything the moment the TGE is done
her thread just made it visible
the signs were there before october
we just weren't looking at the right things
teapawt.net/shiro57102/status/2067…
link to the thread
I can’t stand watching people speak with absolute entitlement about situations they really know nothing about. I feel like I’ve stayed quiet long enough.
The constant disrespect, the daily assumption that my silence equals to weakness, it’s become unbearable. Not just for me, but for everyone who actually believes in me and trusts me.
I did not “leverage” Megaeth to mint out Netizens. It was the other way around.
So if you think this, stop being delusional and so incredibly disrespectful, i've had enough.
Let me be crystal clear: the team reached out to me in October and asked if I could launch something on @megaeth because they were “not satisfied with the NFT projects that were already on the chain, in terms of taste and culture”.
It appeared to be very clear since the beginning how netizens could’ve been a great opportunity for the ecosystem to flourish. We were defined as the key to reach a new audience and stop stagnating. We were supposed to be the catalyst and the first brick for a new cultural development and the mint itself was meant to be an event of wider adoption.
My aim was, from the start, to create a space where people could feel part of something for the first time, welcome as their unfiltered selves. Just pure art, pure culture.
I believed in Mega, and I trusted their team with my work, my reputation and my efforts. But it didn’t take long for them to show their real nature.
Mainnet was supposed to launch in November. I worked night and day, without breaks, to meet the deadline, only for the launch to be delayed repeatedly without proper notice (mid-November, late November, early December, and so on, until February). The constant disorganization and inconsistent communication made everything incredibly difficult. We had to coordinate an entire project under uncertainty, which even prevented us from announcing a firm mint date until the very last minute.
I poured my soul into Netizens because that’s what I always do and I thought we all shared the same mission.
Despite all the sugarcoated praise, they were, in reality, not ready to embrace the kind of culture they were asking for, and that we finally brought. Instead of trusting the vision, they chose mediocrity and neutrality. They let people attack me daily, calling me a scammer, undermining everything while I was doing all in my power to make the chain look good. All our efforts felt invisible. Promises were constantly made and broken.
We were used for attention and clout, then quietly discarded every time any existing “community” felt threatened by something superior and actually relevant outside their small bubble.
I was lied to countless times, the team was clearly not coherent or transparent with us and it started being obvious how they were just promising the same exact things to everyone else.
Every time we raised real issues, we were either ignored for days or given empty reassurances that solved nothing.
I had made it clear that I would rather leave than stay where I felt unwanted and unappreciated. I thought they understood. I’m no longer sure they ever did.
Four days before launch, I was still questioning whether the mint should even happen, given the terrible state of the chain.
When I shared my doubts with the team I was told “it’ll be fine because you’re you.”
I was then called delusional for thinking netizens looked to me like the only reason for people to come to mega. Turns out the delusional ones were them.
They couldn’t even sit still and let the magic happen.
Couldn’t trust.
Couldn’t support.
And especially could not protect the few projects they themselves said deserved it, even up to today.
Instead, they enabled the noise, the yes men, the total NPC behavior, all while claiming to be pro-innovation “gen-Zers”.
However, It’s ironic how the same people who watched me get disrespected in silence suddenly praised me after we successfully minted out or after I worked at the EF mandate.
After all these months passed, the team has gone silent, they haven’t done anything for netizens if not disappointing us.
On top of all they’ve acted as if we brought nothing to the chain, turning all my work to dust.
As if Netizens mint didn’t bring an insane momentum, that they were not able to make the most of.
I’m exhausted from taking the blame for other people’s mistakes.
Most atrocious of all, we were never even warned about Terminal shutting down, despite it directly affecting us. Terminal was always presented as our flywheel. We were told to push it hard to our community, it should’ve been our main focus for the future.
Guess what? They just let us down again, empty handed.
Because they lied to us, we ended up lying to our community.
When we questioned about their plans after Terminal ended, they lightheartedly said, “Oh well, we don’t have any plans for NFTs!”
It feels like all my efforts were wasted. I feel fooled and disrespected. They leveraged my reputation and my name for their benefit, without any regard for the consequences on me or the people who trusted me. It’s simple soulless behavior.
To those who still think they can have a word on this, double check your sources. Question what you’re told.
I defended myself when people painted me as the villain for simply pushing back against lies. I was told to stay quiet “to avoid conflict.”
As if the internet wasn’t built on friction, on real time conversation, on calling out what’s broken.
As if I could just pretend all those words didn’t break my heart.
I refuse to waste any more energy trying to save people who don’t want to be saved, as much as I refuse to be disrespected further.
I have more important things to do.
I have to draw.
And that’s irrelevant for so many people
But its so relevant for me.
And hopefully, I can still do something good for everyone
That’s all I’ve always hoped for.
You will not bring me down, ever
If there’s something that will outlive this, is my art. Forever.
Let it be a scar.
congrats on fumbling something genuinely special.
The curse is real. Have fun dealing with the consequences.
@megaeth
Notifications on for Ray = generational wealth pipeline.
Simple as that.
bag worker season is back👀
state of CT lately
jan: Altszn is coming
feb: Altszn is coming
mar: Altszn is coming
apr: Altszn is com... Bitcoin pumps
we`ve been at the wrong bus stop for 4 months straight😂😂
Altszn is never coming back
RAVE is down 95% now
no hack, no exploit, no news
just yesterday, you guys called it a gem at $28
while it was crashing, the team posted a thread
most of us read how they denied manipulation
but they said something important
they confirmed they planned to sell unlocked tokens to fund operations
their words
ZachXBT called it a coordinated pump and dump across Binance, Bitget and Gate
put $25,000 on the table for whistleblowers
Bitget CEO opened an investigation same day
Binance CEO followed
team is denying everything
two exchange CEOs are investigating
752M tokens are still sitting there
y'all read the breakdown before any of this was public
the structure always talks first
I asked this yesterday.
so I found out that only 25% of the supply was even out there during the whole run
the other 75% locked up tight most of it sitting in 3 wallets
only three wallets lmao
when that little supply is floating around, it doesn't take much to move the price hard
so when it ran, it really ran
CT saw the candles and did what we do best — FOMOed
now the smart ones tried to short it , which is fair honestly, the structure looked weird
but here's the thing … when a token is heavily shorted and price keeps going up anyway, those short positions start bleeding eventually they get forced to close, which means they have to buy to exit that buying pushes price higher which squeezes more shorts which forces more buying
it just feeds itself
$43M in liquidations later, mostly shorts
now i'm not saying anything
but those same 3 wallets started moving tokens to exchanges right around the time the squeeze kicked off
funny timing don’t you think?
by the time y'all were buying, FDV was already past $10B 75% of supply still locked, still waiting
the price moved. the unlock schedule didn't care
so yeah, find the next one if you want
just find out who's holding the other 75% first
because they already know when they're selling
y'all just don't yet
TL/Dr
@zachxbt did a summary here
teapawt.net/i/status/2045820638355…
A summary of the RAVE -95% price fluctuation from $26 to $1 over the past 24 hours.
RAVE Timeline: April 18, 2026
7:26 am UTC: I posted a call to action for Binance, Bitget, & Gate to investigate RAVE market manipulation and offered a $10K bounty.
10:56 am UTC: I posted an update increasing the bounty to $25K.
11:18 am UTC: Bitget publicly acknowledged the call to action.
2:08 pm UTC: Binance publicly acknowledged the call to action.
3:06 pm UTC: RaveDAO posted claiming they have no involvement.
4:19 pm UTC: Gate publicly acknowledged the call to action.
In the days leading up, on April 13 & 14, I confronted RaveDAO co-founder Yemu Xu (wildwoomoo) but have yet to receive an answer.
RAVE launched in Dec 2025 on Binance Alpha with a 1B total supply. The addresses below, linked to the initial distribution, control ~95% of the RAVE supply (h/t Mlm):
0x9831156F1a6E506Fca41503590b42F07c2e80f54
0x8Ed6245C3276307E1A9D9Dc872E98A0E770070fd
0x6020656d1EF182173E45D4Fc375BDD5a48c674B0
0x2664cB80a5ee7D8EC05fe7C752dD62E078056E6d
0x2D81F8AeBf3e58A5e638006c9fd8F38C5220ecab
0x31694d761A8e851cFFbCd286aC54D01e5Ce5aFe6
0x0A1F07993a51CcEb4f52CA67765AECeADDA790d7
0xEB74Df8588cFC1C179Df4bd96C0bB8B227B9bE92
0x53d7d52301366DC14E1916b14eFeC1aDD8F3487b
I found suspicious CEX activity in April 2026 tied to RaveDAO team addresses onchain, which potentially contradicts their recent statement:
Bitget
0x2dc20f2180582172f5450c5d71e23fa438a7031b
0xa3a02aeb97fc1737c66f50d07d024799c137891d
0x2d95eb42525e6087e0cb7869f98da6838ed2e743
Gate
0x31711246b05d71e9eda5e38a3abb654020ee3353
Given the supply concentration, the team at minimum knows who is responsible for this price action.
A simple litmus test: $6B in market cap was wiped out on just $52M of 24hr liquidations (h/t CoinGlass). That ratio points to a manipulated and unsustainable valuation.
RAVE is not the only token with manipulation we have seen on major centralized exchanges. It's just the most blatant, reaching a top 15 market cap within 10 days before dropping 95% in hours.
Other projects with highly questionable price action recently include: SIREN, MYX, COAI, M, PIPPIN, RIVER.
Exchanges need faster intervention on manipulation. Detection at scale isn't easy, but each day of delay means retail traders absorb losses while platforms collect fees on the volume. The outcome is the same regardless of intent.
While it's good the exchanges responded, I find it unlikely this activity wasn't spotted internally before I raised it publicly.
I recognize how much this behavior takes from retail traders, and I plan to investigate similar movements in hopes of identifying the responsible parties.
I want to reiterate that I did not take a position. If I had, I would have been liquidated myself. I also could not anticipate if or when the exchanges would comment publicly.
My $25K bounty will remain active since the only DMs received were unverified claims rather than non-public information with supporting evidence as requested.





















