The Crypto Defi Guy

@Chientran1993 @gizatechxyz feels like it. They told everyone to keep their agents active, made their 15% performance fee, and then never issued the promised rewards.

@crypto_defi_guy @gizatechxyz Scam

$4.6BN in agentic volume processed by Giza agents to date. Routed, rebalanced, and compounded autonomously.

@DeFAIspace @gizatechxyz 5 weeks of rewards promised were not issued. If you end emissions, at least pay out what is owed before the date you end emissions. What they should not do is delay, make promises there coming, and then not pay. And then discord gets shut down so no one can talk about it.

@gizatechxyz Stop crying about "insider dumping." I’ve checked the wallets. Insiders haven't sold a single token. The paradox? You dump every cent of your rewards for peanuts, drain the liquidity, and then spread FUD to blame the team for the price drop YOU are causing. 🤡

@googboog @gizatechxyz Geez, are they dumping the token themselves? And not paying the depositors their rewards as promised? Last payout was 4/1. Failed to pay 5 weeks (3/9 onwards).

@gizatechxyz Millions in USDC dumped by Giza devs to date. Gaslighted, lied and rugged relentlessly.

@googboog @renckorzay Where’s the Giza Agents depositors GIZA from 3/9-4/18. Past rewards were never issued.

@renckorzay still dumping millions of giza every day

@gizatechxyz Where is the past giza rewards as promised? On 3/25 you announced they would be paid and then didn't send them instead you just delayed and just suddenly stopped commissions. Last payout was April 1. You still owe depositors for 3/9-4/18 (5 weeks).

Agent reward emissions are ending today. These emissions existed to distribute governance weight to early protocol users. Those who used agents first deserved the most say. The distribution phase for $GIZA is complete and there is now sufficient float for anyone who wants governance participation to acquire it. Giza's north star is building agent-native financial strategies. The next generation of agents ships in the coming weeks.

@renckorzay Where is the giza rewards promised to us depositors? You even announced they would be paid and then didn't send them. When can we expect this to be cleared up and sent as promised? Last payout was April 1. You still owe depositors for 3/9-4/18 (5 weeks).

The future of @yield is here! I just claimed my 80.50k $YO genesis allocation app.yo.xyz/claim app.yo.xyz/s/4bf86c7

Introducing Avant Rewards: Hold. Engage. Refer. Earn points across the Avant ecosystem — and track your progress on the leaderboard. 🔗 app.avantprotocol.com/rewards

@cryptonexxt received the same with the same # 1894.. so its definitely a scam.

🚨 Scam Alert! Just received a fake email claiming to be from #OpenSea x #Pepsi offering “Mic Drop #1894 access”. Don’t click any links — these phishing mails try to steal your wallet details. Stay safe and always verify official sources! 🔒✨

@reyser_eth @StablesLabs debank.com/profile/0x5dbf… - rumored to be one of his many wallets. Look at all that debt (loans from his backed USDX/sUSDX).

I traced where funds go when you buy USDX from @StablesLabs. Flow looks like: Buyer → USDX Sales contract (0xb45c…56D1) → custodian pool (0x907d…c91) → large wallets incl. one widely tagged as Ceffu (0x084399…4083)—often via 0x356eea…c458d4. This suggests collateral is custody-managed off-protocol. intel.arkm.com/explorer/addre… USDX Money: Sales Contract to Buy USDX (Contract) intel.arkm.com/explorer/addre… USDT (Binance Peg USD) Pool (Contract) intel.arkm.com/explorer/addre… Transfer to Ceffu Deposit (Wallet) intel.arkm.com/explorer/addre… Ceffu Custody Hot Wallet x.com/ceffuglobal Question now: does @StablesLabs still hold enough assets to repay users hit by the depeg? On-chain, the Sales contract doesn’t retain funds; collateral moves out. Public Redeem balances I can find look non-zero but small vs. liabilities. If more wallets exist, they’re not obvious on-chain. @CeffuGlobal - maybe ceffu can help the users provide some data about stables labs current assets @StablesLabs - please publish a full reserve map (custodian accounts & balances) + a clear repayment plan for affected users.

@VietnamPenguin @StablesLabs money was moved to @binance, KYC exchange. Someone needs to report this guy to the authorities. All funds he has in his possession should be used to pay back creditors scammed by him on Silo/Euler, and holders of USDX/sUSDX.

@StablesLabs Better tell us where the assets that were supposed to back USDX 1:1 are right now. How much of them is lost? What happened to them?

USDX Restoration Arrangement Announcement Recently, due to market liquidity conditions and liquidation dynamics, the market price of USDX has experienced deviation from its reference value. The stabilization mechanism of USDX is supported by collateralized positions and hedging strategies, which may exhibit adjustment latency under extreme market conditions. The team has initiated a Restoration Arrangement, which aims, subject to resource availability, to provide impacted holders with a recovery path referenced to the value of 1 USD. This arrangement is voluntary in nature and does not constitute a guarantee, redemption obligation, deposit-taking, or collective investment product. To ensure transparency and verifiability, we will implement the following measures: 1. Claim Registration Window Impacted holder balances will be identified through an on-chain snapshot. A registration interface here: forms.gle/Vy6MuLCGyvPACC… 2. Phased Restoration Progress Disclosure Execution will proceed in phases, depending on: - Resource allocation and recovery planning - Liquidity conditions - Cooperative arrangements Progress will be disclosed publicly and verifiably. 3. Information Integrity Notice Please exercise caution with unverified secondary commentary or speculation. Official information will only be released via: X ( @StablesLabs ) Further details will be provided. USDX Team

@StablesLabs You used your coin (USDX/sUSDX) as collateral and then borrowed from Euler and Silo lenders almost 15 M in USDC. Next, you withdrew all the liquidity from the pools and sent to @binance . No means to redeem 1 USDX to USDC as promised. Rug pull! @binance, help!

@robdogeth @StablesLabs They created lending pools on Silo and Euler of USDX / sUSDX coin and borrowed tens of millions of USDC from unknowing lenders. Then proceeded to pull all the liquidity out of the market leaving lenders with no ability to liquidate / worthless collateral. Mone moved to @binance

USDX is becoming a 680m$ rug pull! Disabled discord, deafening silence and zero transparency Let’s dig into what’s becoming the biggest scam of 2025 👀 What is USDX? @StablesLabs describes USDX as “A delta-neutral synthetic stablecoin that offers: Delta-neutral stability with 100% crypto collateral and censorship resistance by passing banks. Scalability, yield from crypto arbitrage, and transparent reserves with insurance.” In reality, it is a pile of money controlled by the Stableslabs team, which they in the background have supposedly been performing various arbitrage strategies with to earn a yield. The Initial Depeg On November 6th, USDX underwent a major depeg described in further detail here. x.com/robdogeth/stat… Following the depeg and major cascading liquidations on lending markets, there was complete silence from the Stableslabs team. No X post, no discord post. Just deafening silence. Despite the token supposedly being fully backed with no public evidence of wrongdoing. Depeg becomes rug-pull Towards the end of the first day of the depeg, Stableslabs deactivates their Discord. This is a very bad sign. The only reason to in such a moment disable the Discord is to prevent coordination in response to what likely is actually happening. No further commentary from the founders or investors. On November 8th, the first message from StablesLabs since the depeg is published, referencing a “restoration agreement” to make holders whole. x.com/StablesLabs/st… Reading through this announcement, I have strong confidence that this indeed is a confirmed rug-pull. Let’s break down why. First of all, the post states that: “recovery path referenced to the value of 1 USD. This arrangement is voluntary in nature and does not constitute a guarantee, redemption obligation, deposit-taking, or collective investment product.” What How can you say fund recovery is voluntary!? Clearly, the team is taking the stance that they legally are not required to honor redemption requests of their tokenholders. Secondly, there is a snapshot taken, but users are asked to register in this Google Form. For processing legal claims, this looks awfully unprofessional. It looks like an intern threw something together in a hurry, not a genuine attempt to get in touch with affected users. Third, they announce that: “Execution will proceed in phases, depending on: -Resource allocation and recovery planning -Liquidity conditions -Cooperative arrangements” Without stating any timelines or details about their reserves, resource allocation or anything else. All they are saying is, we won’t tell you nothing and you won’t hear from us for a while. These are delta neutral strategies, they should be fully liquid with at max 1-2 weeks delay. The market is clearly showing us how it interprets the announcement. Normally, if 1:1 redemptions would be made available, USDX would likely recover to somewhere close to 1. In their docs, it is stated redemptions can be processed by KYCd institutions, but clearly none such redemptions have come through. The fact that it dropped about 40% following the announcement, says a lot. It is a common strategy for teams that rug-pull, to hide behind lawyers and slowly fade away with stolen funds. I hope major tokenholders or enforcement agencies pursue legal options to make the situation right, it might be the only path to fund recovery for the thousands of affected users who were misled by promises of stable yield opportunity. Lessons and path forward An original value of crypto is trustlessness, that you should only need to trust the code. The reality is, most protocols are not aligned with such values. USDX is an example where users needed to put their full trust in the team, and the team betrayed their trust. Whilst trust is not inherently an issue, as a space we might want to consider taking steps to bring us closer back to trustlessness in how we design these primitives. The collateral damage from USDX will be felt by many. Likely many funds and vaults had some exposure that will result in further contagion risk. In the next weeks, we shall see what the impact ultimately is. This is a major reason why we are building @corkprotocol to help create mechanisms to shield contagion risk and minimize ecosystem spillover when such events take place. Furthermore, risk pricing and the ability to manage risk for market participants, may help prevent these catastrophic failures from occurring in the first place. This event is sad, infuriating and unjust, however, it is also part of the game. With high yield, comes high risk. From an evolutionary lens, USDX represents a failed experiment. I hope we at least can take away some lessons, to build back stronger. If you like this coverage, please give @robdogeth a follow for more updates on stablecoin depegs

@p_vlad @euler @LISTA @Re7Labs @MEVCapital @stable_labs @Polymarket wrong stable labs in your post, should be: @StablesLabs . Also, here is the guy behind the rug, (Flex Yang, Founder of StablesLabs): x.com/goXmoonman/sta…

where you liquidated yesterday? Turns out it was the biggest crypto liquidation event of all time. I narrowly avoided it. Spent $500 worth of ETH in gas to trade into and additional collateral during the frenzy. $ well spent, but crazy.

The Kensei Realm has been unveiled. Kensei is the first official memecoin launchpad on @katana - forged for fearless degen warriors. Kensei will be launched in the upcoming days, with special rewards for early users & supporters. Learn more about our launch & how to get involved as a worthy warrior ⬇️

The Exclusive Binance Wallet Booster Program with @turtledotxyz is now live! Share a total of 15M TURTLE airdrops by completing phased tasks. 🎁 Join Phase 1 and share 1.1M TURTLE rewards. 📜 Binance users with 61+ Binance Alpha Points are eligible to participate. ⚠️ Important Note: Tokens from the Booster Program are subject to a lock-up period set by the project team. Please make sure you understand the risks before participating. Join Now: binance.com/en/web3-campai…

We’re proud to introduce $TURTLE - the foundational token for onchain liquidity. Built to align LPs, partners, and protocols under one standard.

@Mitrolip_ @turtledotxyz Gotta start yapping @turtledotxyz

Just saw someone drop $4M+ into @turtledotxyz’s campaign leaderboard and even made a fresh X account to hide their identity. That's Top tier, guess whoever it is doesn't need yapping points Kudos to you @crypto_defi_guy