NAA
3.9K posts


There seems to be a lack of coordination between affected parties and more of a blame game and liability defense. That's very bad for everyone involved. Hope I am wrong.
LayerZero focusing only on restoring its own protocol was the wrong move. Aave is the most important stakeholder here because many loopers are currently in negative carry. Resolving that should be the priority for everyone right now.
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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.

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Earlier today, a malicious actor gained unauthorized access to Drift Protocol through a novel attack involving durable nonces, resulting in a rapid takeover of Drift’s Security Council administrative powers.
This was a highly sophisticated operation that appears to have involved multi-week preparation and staged execution, including the use of durable nonce accounts to pre-sign transactions that delayed execution.
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NAA retweetledi

CBB(@Cbb0fe), the whale who publicly formed a team to hunt @qwatio, has suffered heavy losses in #oil!
CBB shorted 127,175 xyz:CL($13.78M) at an entry price of $78.37 and is now down $3.81M.
Liquidation price: $120.76.
#perps" target="_blank" rel="nofollow noopener">hypurrscan.io/address/0xEFd3…

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🇺🇸🇮🇷 Iran fell for the same trick as Hezbollah’s Nasrallah.
1) The US made an offer that required the Iranian side to discuss details.
2) Iran held a meeting to discuss the offer and develop a negotiation strategy.
3) The US struck the meeting, killing many officials, including Khamenei.
—) Negotiations were used as a weapon to gather them all in one room while they felt safe.
It’s the 2nd or 3rd time this trick has worked.

Lord Bebo@MyLordBebo
🇮🇷 Iran has confirmed the deaths of Defense Minister Aziz Nasirzadeh and Chief of the General Staff Seyed Abdolahmi Musavi. According to state television, the attack was carried out on a building where a military council was taking place. Earlier, Iran confirmed the deaths of Supreme Leader Khamenei and the head of the IRGC. At the same time, the country's authorities continue their armed resistance and launch attacks on American bases in the Middle East, as well as on Israel. The Speaker of the Iranian Parliament has already promised new attacks.
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1/ Meet @WheresBroox (Broox Bauer), one of the multiple @AxiomExchange employees allegedly abusing the lack of access controls for internal tools to lookup sensitive user details to insider trade by tracking private wallet activity since early 2025.



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Orait, time to talk about losses. This has genuinely been the hardest month of my trading career. What hurts the most is that a lot of it was self-inflicted. I roundtripped heavy, gave back a lot to the market, and honestly things would’ve been very different if I just stopped around 97k. Instead I kept martingaling, forced a few trades, revenge traded, and paid for it with a solid chunk of my portfolio.
I can share a lot of insights from this, but I’m not here to pretend I win all the time. I’ve made close to 8 figures in my life and one thing that never changes is that the same strategies don’t always work. For now I’m flat and waiting for the next real opportunity to capitalize on. Not gonna lie, losing money never feels good, especially when you know most of it came from breaking your own rules.
This month I got chopped trying to trade too much, opening and closing positions nonstop, and fees + bad execution alone cost me more than some people realize. It’s part of the game, but it’s also a reminder that edge isn’t just about entries, it’s about discipline, patience, and knowing when to do nothing.
This post isn’t for pity. I just think it’s important to share the dark side of trading too. Everyone loves posting wins and green screenshots, but even the traders you see at the top of leaderboards take real losses and go through brutal periods. That’s the reality of this game.
Much love,
mattertrades❤️

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