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New on DegenZ Fun
🧹 UI refresh — icon rail, sticky live trades, Trending / Newest / Market Cap / Graduated
🔥 Token burns
⚡ 0.25% fee · multichain fair launches · LP locked forever
degenz.network/degenz-fun/
#DegenZFun #Launchpad #TokenBurn #DeFi $ETH $BNB $HOOD
🤖 Made with AI
DegenZ Network retweeted
One of crypto's largest KOLs has been secretly extracting millions from his audience
We’ll expose him soon
Unfortunately, he’s just a symptom of a much bigger problem
Social trading has brought out the worst in KOLs. It was designed to keep them honest by making every trade public. In reality, the opposite happened
In just a few weeks, we exposed a number of "top social traders" using the same tricks:
• Public wallets to attract copy traders
• Side wallets to dump
• Callouts to farm rewards
• Bundled tokens to hide supply
And there are plenty more doing the exact same thing
Why? Because our industry incentivizes it
1) Launchpads allow it
Most launchpads today are obsessed with one thing: volume. Millions in callout rewards, affiliate links, and top leaderboards. Almost nothing on detecting bundles, side wallets, or shady traders. Scams drive volume. Launchpads have no reason to stop it (other than actually caring about their users)
2) Social trading incentivizes it
Side wallets have become a business model. Before social trading, only big KOLs could do it. Now, anyone who lands on a leaderboard can monetize by dumping on their copy-traders. The temptation is real
3) CT normalizes bundle culture
“Everyone bundles. It's how it's done" - an excuse we hear every time we expose a KOL. Supply control isn't the problem. Hiding it is. If it's so bullish, why hide it? Spoiler: because you're planning to sell
***
Launchpads are paying millions to dishonest KOLs. It's time they start taking it seriously
Audit the top traders. Expose their side wallets. Ban repeat offenders
We have the tools. What's missing is the willingness to use them
No one's coming to save us
DegenZ Network retweeted
Hi because you get rinsed by the same KOL grifters who have done it for years and never learn.
I tried calling out Ansem numerous times in the past for promoting micro cap and celeb tokens but gamblers brought him credibility and exit liquidity yet again this cycle.
So why should I care at all?
I am busy with recent incidents like the French bank heist, DPRK, or The Com where my work actually brings measurable impact rather than engagement from calling out known bad actors and saying the obvious.
DegenZ Network retweeted
Bro @villainmonkey is on a RAMPAGE rn😂🔥
He’s just admitted to paying:
• Ansem
• Gigi
• Bark
• Jakey
• Caitlyn Jenner
• Iggy
• Jason derulo
around $217,000 to shill a bunch of memecoin pump and dumps😂
Here’s a video I clipped a while back admitting it too😂
DegenZ Network retweeted
🚨 BREAKING: 🇮🇳 ED searches CoinDCX, Delta Exchange offices in Bengaluru over alleged FEMA violations.
DegenZ Network retweeted
🚨 SECURITY: Felix Fan warns that DarkSword puts crypto wallets at risk through iOS vulnerabilities, urging users to update to the latest version.
DegenZ Network retweeted
8 liquidations in a row
At some point, it’s no longer about being right or wrong about the market
It’s about knowing when to stop
A gambler just suffered a series of liquidations—getting liquidated 8 times for a total of 201 $BTC ($15.6M).
hyperbot.network/trader/0x4b…
DegenZ Network retweeted
User funds are SAFU!
Yet, this pregnant lady 👇 pulled an all nighter, along side hundreds of Binancians.
Many industry friends and even competitors (including some previously-not-so-friendly ones) provided very much needed help. 🙏
It hurts, but we will survive. 💪
DegenZ Network retweeted
Seems token recovery already began.
Another little detail in addition to the effort described, users pay trading fees on Binance in the coins they trade, so Binance's naturally accumulates all tokens they list.
Your funds are SAFU!
Binance has begun recovering affected assets for users and continues to work with law enforcement, issuers, blockchain intelligence firms and industry partners to trace, freeze and recover additional funds.
The company has already publicly committed to cover losses through company funds in the prior announcement.
Binance has already reserved over $6.34B of company funds to cover this incident. $5B of these funds are already held in the exact token assets that were impacted. We are completing the purchase of the remaining amount by buying token assets through market channels and OTC channels. We are doing this to match the format of the remaining token assets and address any asset shortfalls. This step can take longer because some tokens may have low liquidity and OTC settlement also takes time. We will share more progress as soon as we can.
These figures do not include frozen or protected assets, which remain subject to ongoing recovery and verification. Currently, $3bn has been frozen, with thanks to our industry partners. We are working with partners and law enforcement to recover the frozen assets.We will continue to use company resources to cover confirmed shortfall and will provide further verified updates as recovery efforts progress. Ultimately, all user funds will be verified publicly through our Proof of Reserves.
We will weather this storm. Thank you for the support.
DegenZ Network retweeted
Binance has begun recovering affected assets for users and continues to work with law enforcement, issuers, blockchain intelligence firms and industry partners to trace, freeze and recover additional funds.
The company has already publicly committed to cover losses through company funds in the prior announcement.
Binance has already reserved over $6.34B of company funds to cover this incident. $5B of these funds are already held in the exact token assets that were impacted. We are completing the purchase of the remaining amount by buying token assets through market channels and OTC channels. We are doing this to match the format of the remaining token assets and address any asset shortfalls. This step can take longer because some tokens may have low liquidity and OTC settlement also takes time. We will share more progress as soon as we can.
These figures do not include frozen or protected assets, which remain subject to ongoing recovery and verification. Currently, $3bn has been frozen, with thanks to our industry partners. We are working with partners and law enforcement to recover the frozen assets.We will continue to use company resources to cover confirmed shortfall and will provide further verified updates as recovery efforts progress. Ultimately, all user funds will be verified publicly through our Proof of Reserves.
We will weather this storm. Thank you for the support.
DegenZ Network retweeted
Maestro Integrates Genius on BNB Chain
Every @GeniusTerminal token is tradable the moment it launches, with fast execution and up to 30% Cashback.
Think fast, think Maestro. 🧠
DegenZ Network retweeted
Trade Virtuals on Arc with Maestro 🤖
Catch every @virtuals_io token on Arc with lightning speed and up to 30% Cashback.
