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On-chain Investigator Digs Into Ethereum Foundation’s Connection To The Filecoin ICO

September 27, 2023
in Crypto Updates
Reading Time: 3 mins read
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Filecoin has grown to be one of the vital beloved crypto with an energetic group that continues to maintain it alive. Nevertheless, questions in regards to the blockchain’s origin, and its ICO particularly, are starting to pop up as an on-chain sleuth has posted findings of his investigation.

Digging Into The Filecoin ICO

The on-chain investigator popularly recognized on X (previously Twitter) as @BoringSleuth initially made headlines again in August when he posted a concept about who the founding father of the notorious Shiba Inu meme coin was. This time round, the investigator has turned his consideration to a different token, Filecoin, questioning its origins.

Within the report posted to X, BoringSleuth began out by explaining how he had gotten his findings. He explains that he had begun by mapping out wallets which led him to note traits in funding transactions for quite a lot of wallets. In line with him, one factor that caught out was the truth that these wallets would ship ETH to the Filecoin ICO pockets with lengthy decimal numbers. In whole, the on-chain investigator was capable of define 1,255 transactions with these lengthy decimal numbers.

Curiously, 296 wallets had despatched in ETH transactions ending in 937, as outlined within the picture beneath:

Filecoin Ethereum Foundation ICO

Addresses ending in 937 | Supply: X

Then 228 wallets ended with 967, 179 wallets ended with 697, and 111 of them resulted in 696. The remaining 106 transactions have been carrying distinctive final 3 digits however with the identical lengthy decimal numbers.

The investigator alleges that this was the work of the founders and VCs who have been making an attempt to make it appear to be there was excessive curiosity within the ICO. “if you wish to make it appear to be a bunch of persons are “Apeing” in to your token sale, that you just and your handful of VC’s are going to dump on the pleb’s, it’s important to use some form of code that helps group collectively who despatched what,” BoringSleuth stated.

Filecoin (FIL) price chart from Tradingview.com (Ethereum Foundation)

Tying It To Ethereum Basis

The report additional dug in and the investigator appears to reach at the truth that the likes of Ethereum founder Vitalik Buterin and the Ethereum Basis have been part of this. He additionally hyperlinks the CCP Group, in addition to Cumberland and Prometheum to the Filecoin ICO which he refers to as a Ponzi.

BoringSleuth revealed that he had grouped the wallets collectively which he then crosschecked with the ‘Fact Labs Database of Networks and Wallets’. That is how the on-chain investigator was capable of assign possession of the pockets to totally different entities.

The report which is already making the rounds on social media appears to be the beginning of it. The investigator closed out the report by saying; “There in fact is rather more to this story, to be shared at a later date.”

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Tags: ConnectiondigsEthereumFilecoinFoundationsICOinvestigatorOnChain
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