Zack Jamplin

x.com/i/article/2054…

@Jakeronthia_ @blackhaven @bread_ I hope Bread will not go with the narrative "Read the document before buying." Shit is launching 30+ mins before the official announcement. These wallets made quite good amount.

I’m a MegaETH maxi, and I have to admit that the ecosystem is not in a good state right now. Several shady apps are operating openly on the chain, and the biggest red flag to me is: @blackhaven. I’ll try to explain this most simple way possible: 1. Blackhaven initially marketed itself as the “first ICO” on MegaETH and opened registration for the $HVN presale through Sonar. 2. Shortly after, the team disappeared for nearly two months. Their last activity was on February 17, and they only returned on April 30 to announce that the ICO would be cancelled in favor of a different launch model. 3. On May 2, a token called $RBT suddenly appeared on the market. Multiple wallets had already accumulated large positions before any official public announcement was made. 4. More than 30 minutes later, Blackhaven officially announced that the app was live. By that point, $RBT had already been actively trading for a while. 5. After the announcement, MegaETH users began using the app and “BOND” their $USDm into a token that had already been accumulated cheaply by early wallets. 6. In reality, the “BOND” here basically means "BUY" into the market plus a time lock. The front-end UI was highly misleading. 7. The community was never properly educated beforehand on how the mechanism actually worked. Most users believed they were early participants locking funds in exchange for discounted tokens. To be fair, a 15% discount for a 30-day lock sounded extremely attractive. Yes, people fell for it. 8. The token price eventually surged above $30, then these shady early wallets began heavily dumping. Some wallets made profits of up to $45,000, while community funds remained locked. 9. If the team had good intentions, they could have clearly explained the flywheel and launch structure from the start. Instead, critical details were hidden inside a single document link that most users never even noticed. To me, that reflects malicious intent. 10. The community raised concerns across X, Telegram, and Discord, but the situation was handled very poorly, leading to even more victims. 11. Blackhaven then disappeared again for four days before returning on May 6 with an “educational thread.” By then, the damage had already been done. It felt more like damage control. 12. The token price has now fallen roughly 500% from the levels where many community members bought in. 13. Users who bonded their funds will only receive their $RBT tokens after 7–30 days, and the value will be based on the market price. MegaETH seriously needs stronger quality control and better user protection before allowing projects like this to operate within the ecosystem. All of this controversy, damage, and loss of trust happened for barely $300K+ TVL. That is simply not worth damaging the MegaETH brand over. I realized this is a long read. If you reach this point, thank you. 🙏 The left picture is some of the community's loss. The right picture is the shady wallet's profit.

#cosmos's main dex, the first to show us the power of IBC is now a to become a shell. Sunny and his team are tapping out. #cosmos penny-pinchers complained about the cost; This time the question is how much will it cost the #cosmos without a functioning dex?