adcryp.base.eth
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🚨 Here is the full 42 minutes of my crew and I exposing Minnesota fraud, this might be my most important work yet. We uncovered over $110,000,000 in ONE day. Like it and share it around like wildfire! Its time to hold these corrupt politicians and fraudsters accountable
We ALL work way too hard and pay too much in taxes for this to be happening, the fraud must be stopped.
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Trust this guy! Remove the funds from mexc!
The White Whale@WhiteWhaleLabs
I Withdraw My Offer to Advise MEXC - Here’s Why (Something Sinister Is Brewing) After winning my case against MEXC - thanks entirely to the community’s relentless support and the spotlight you helped shine on their unfair seizure of user funds - I made a public offer: If you are truly sincere in your apology and desire to change, I’ll make myself available, free of charge, to help guide those reforms. I have, in my life, built incredibly large web2 empires after all, and that's all they are - another web2 business. Behind the scenes, I asked MEXC to provide a mutual NDA, because I couldn’t help them if they weren’t willing to be honest with me. I even rejected their “non-disparagement” clause - which, to their credit, they removed at my request - because I made it clear: I will always reserve the right to call you out publicly if this is all just smoke and mirrors. Unsurprisingly to any of us: it was. The first piece of advice I gave them concerned their so-called “Proof of Reserves” Publishing wallet addresses they themselves provide to show the assets they hold means absolutely nothing. Offering a tool to verify your individual balance means nothing, either. Every user balance is a liability to the exchange - and publishing only the assets without an independently verified list of liabilities is 100% meaningless. It’s deceptive marketing pretending to be transparency. When I told them this their response was: “Well, it’s better than nothing, right?” No. In fact it IS nothing, by design. Seeing MEXC continue to push this fake “proof of reserves” narrative reminds me of an old saying: “If you have to tell people you’re a lady, you aren’t.” The second point I made - both publicly and privately - was clear: Stop confiscating user funds. If you suspect illegal activity, turn it over to law enforcement. Otherwise, give people their money back. They’re still doing it. And it’s getting worse. Take the case of @loveme4994 This user reached out and sent me evidence, which I verified through screen recordings and other account data. MEXC cited their Risk Control Guidelines: mexc.com/announcements/… The document still includes language like “suspected” - meaning they can permanently keep your funds based on suspicion alone. Here’s the deeper problem: almost every major item on that list could be prevented through code if they truly wanted to. But removing the loopholes would also remove their excuses to seize user funds. And here’s where it turns sinister - and why I feel partly responsible. After I made my account history public to prove my innocence, MEXC seems to have learned from it. In this latest case, they completely wiped the user’s transaction history after confiscating their funds. They stole the user’s money. They admitted to it. They offered no specific accusation. And they erased the evidence that could have helped proven the user’s innocence. My case was over $3 million. This user lost roughly $4,000 - which, for most people, is life-changing. Their $4,000 means more to them than my $3 million ever did. While some high-profile cases have been resolved, I continue to see new ones daily that aren’t. As long as this structural rot exists - fake “proof of reserves,” arbitrary justifications for seizures, lack of due process, and the ability to block users from their own records - MEXC remains a rotten apple. Rotten to the core. 🫡 From the depths — The White Whale 🐋
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We Did It - Public Outcry Forces MEXC To Do The Right Thing
I didn't have a draft statement for this occasion, as I honestly never expected it to come.
I did see the public apology, and while appreciated, it didn't specify what they were apologizing for. Implying I was a criminal (with their public AML claims in the beginning) or a scammer (with the most recent accusations after AML was publicly debunked) would have been nice.
I stand on my word that I have NEVER used any automation, secret API access, or bots when I conducted my trades on MEXC.
I'm just a trader, who wins or loses by his own hand.
So an apology for smearing my good name would be more important to me than an apology for holding my funds in the first place. But I will accept the apology, regardless. I'm sure it wasn't easy to write.
That said, our work is not yet done. Throughout this saga over the past few months I've read 100s of cases of people just like me who have been put on indefinite freezes with no access to their funds.
People who did not have as large of a microphone as mine.
People and organizations make mistakes.
But both people and organizations have the ability to change.
If MEXC is truly sorry and wants to build a better future, let's start here:
1. Never should the exchange have the financial incentive to "keep" or cause a customer to forfeit their funds. Especially when they act as judge, jury, and executioner to determine your guilt in the first place. If suspected criminal behavior is present, it should be turned over to the proper authorities. Period. MEXC needs to make this public commitment that they will never simply confiscate customer funds as has been done so many times in the past (and they admitted they were planning on doing with me).
2. Valid risk control processes exist for a reason. I don't want terrorist organizations or child trafficking rings to be using an exchange to launder money either. However we have to accept and understand that innocent people DO get flagged for a variety of reasons. MEXC needs to make a commitment towards expediting their review process. And once the financial incentive to find you guilty has been removed from the equation (see #1) they need to have reasonable time frames for either referring a case to proper authorities or unlocking customer funds. MEXC risk control team is not law enforcement. They should not act like it.
In the beginning of this issue being made public I recognized that I was not a voice for only myself. There are many good people who still have accounts frozen that have not gotten the visibility my case has.
That's why it never felt right to take the money back and keep it for myself. It's not fair that someone who has status or wealth or a certain amount of social media followers be treated so differently than every other person who has their hard-earned money taken from them.
I'm happy to announce that I am going to distribute 100% of these funds - as I initially promised - to be split between the first 20,000 supporters (NFT holders) - and the remaining 50% to verified non-profit organizations.
Because I wasn't expecting this to happen today I ask to give me a couple days to properly set up the airdrop claim mechanism, and work out a way for the community to vote on non-profits they care about.
I have family obligations that will keep me limited engagement today, but I'll make forward progress on this and hope to have it live in the next couple of days.
Thank you all, from the bottom of my heart.
The battle has been won. But the war is far from over. And this isn't just a war against MEXC. It's a war to continually improve our space. To fix our own problems so that governments don't need to step in and fix them for us. To continue the evolution of Satoshi's vision as we craft, test, break, and rebuild this beautiful new world together.
🫡 From the depths —
The White Whale 🐋
solscan.io/tx/3P6uFgiRE6v…
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Profit is profit. Never be ashamed of how small.
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@TheWhiteWhaleV2 @chameleon_jeff @toly Can u guys follow me too? Thanks @chameleon_jeff @TheWhiteWhaleV2
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In my previous life I had the distinct pleasure of being able to meet and work with several different celebrities. I’ve never been star struck. Everyone puts their pants on one leg at a time just like the next guy.
But when not only @chameleon_jeff but @toly followed me in the last 24 hours I will admit that externally I was chill and composed. Internally I was making feral
dolphin noises. It was the highlight of my day.
Gentlemen, it’s an honor. You’ve built a couple of my most favorite things in this space.
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I was already planning to do it eventually but after yesterdays events decided to completely move all my trading to Lighter.
There's no point in paying those heavy fees when you can trade with zero fees plus earn an airdrop.
Use the link to signup:
app.lighter.xyz/trade/ETH?refe…
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Full 24 hours back at the desk, somewhat sick but it's ok we're fighting through
PNL Updates:
$4 +$185k
$財務自由 +$162k
$币安汽车 +$44k
$好好学刁 天天向上 +$11k
$PALU +$123k
$ETH short +$123k
$XPL long +$125k
$BNB short -70k
Total: +$700k
I'll take my spot in this weeks recap @notthreadguy
JoinPastel.com @PastelAlpha @gmgnai
Cooker.hl | Kms.eth | 版本之子 | Cooker@CookerFlips
Less than 24 hours since coming back from Singapore @PastelAlpha @gmgnai @Lighter_xyz $4 +$117k $PALU +$123k $ETH short +$123k $XPL long +$125k Total realized PNL: $488k Got an underwater BNB short but still net positive overall Very satisfied with results considering I haven't even spent a full day at the desk yet
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@MingoAirdrop How many points do you have mingo? I used your ref link :-)
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About Extended:
-Points were hard to get this week, I believe it will become VERY hard soon
-I heard an official OTC channel has been created, waiting for confirmation
🔥Bullish Extended
🔗app.extended.exchange/join/MINGO
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Just joined the waitlist for @tradexyz
Made 5% of volume of @unitxyz so far and willing to market make aggressively on trade too
join cbb team: trade.xyz/?ref=ZDGDTU2NR
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3.Insanely low fees (fractions of a cent)
4.Developer-friendly + seamless bridging
5.Real onchain culture: Farcaster, Zora, FriendTech, etc.
The future isn’t multichain.
It’s onchain.
#BaseOnchain 🧱
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🔥 4. Thread Format (to grow followers)
🧵 Let’s talk about why $BASE might become the most adopted L2 in crypto:
1.Backed by @coinbase — 100M+ verified users
2.Built with the OP Stack → interoperable with Optimism ecosystem
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🧱 1. Educational / Alpha Drop
Base isn’t just another L2.
It’s building the onchain economy — fast, cheap, and aligned with Ethereum.
🧠 Built by @coinbase
💰 Secured by Ethereum
⚡ Powered by Optimism’s OP Stack
$BASE is quietly onboarding the next 100M users.
Stay early.
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@D0itdifferent @yieldbasis Maybe i don‘t have a high social score but total score is 768 and got just $150 allocation. Anyway thanks for your answer
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manic week. In the pursuit of always iterating until perfection, I want to get thoughts/feedback in the wake of Legion's massively oversubscribed @yieldbasis token sale:
My key takeaways so far are:
1. Release a post-sale report that covers the selection algo (working on this already)
2. Stipulate the algo before sales in the future so it's transparent
3. Introduce a "Greenshoe option" for when sales get bananas over subbed (increase the raise amount if over 5x or something like that)
4. No FCFS sale components, very bearish on those
5. Release consistent comms on a daily basis
6. Juice infra early, and expect 100x everything
7. Scale up the support team
What else do you want to see be different for the next sale?
AMA.. or maybe i should just do a space?
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