Many on-chain tracing experts are providing a series of evidence showing that the Scroll project team has fraudulently obtained a large amount of Scroll Marks airdrop tokens.
A series of evidence accuses Scroll of fraudulently obtaining Scroll Marks to receive a large portion of the airdrop
As Coin68 has reported, the Layer-2 scaling solution for Ethereum Scroll will officially take a snapshot on October 19 to count the number of "Scroll Marks" reward points in preparation for the first airdrop, which is expected to start receiving tokens from October 22, 2024.
However, a day before the snapshot, the project is facing allegations about the fairness of the upcoming airdrop, as many on-chain analysis experts have recently provided a series of evidence showing that several wallets associated with the development team have an "enormous" number of Marks.
According to research from the account @Andrey_10gwei, dozens of wallets related to the Scroll founding team have received tens of thousands to millions of Marks points.
This person claims that their statement is based on on-chain tracing results originating from the wallet address of Scroll founder Haichen Shen, whose domain is haichen.eth. The reason for identifying this as Haichen's wallet is that it is one of the signers of the Gnosis Safe "Scroll: Fundraise", although it is not used to "farm" Marks, but it is the starting point for the research.
The wallet addresses with transactions linked to the Scroll development team listed by users include:
- Wallet 1 - 0x4721cf824b6750B58d781fD1336D92a082704C7A - owns 43,500 Marks: Believed to be a Scroll team wallet, as the history has received initial funding from the founder's wallet on various networks.
- Wallet 2 - 0x1e4c8489F9d876293C36b730107E89e0F2a0CB04 - owns 1 million Marks: The first transaction was to receive funding from Wallet 1, followed by two transactions on Scroll - "Approve" and "Supply" 500k USDC on AAVE on 12/02.
- Wallet 3 - 0x4852FFA873c471Abd92696DB3041D298e2710c4E - 13,000 Marks: Received funding from the founder's wallet and Wallet 1.
- Wallet 4 - 0xbdA143d49da40C2cDA27c40edfBbe8A0D4AE0cBc -63,900 Marks: This is a smart contract wallet with multisig (Deployer is scrup.eth), belonging to Scroll. It has a transaction from Wallet 1 with around 100 ETH.
- Wallet 5 - 0xDf61edCc0659565F1B4A11A20397be99006a3d85 - 35,000 Marks: This is another multisig wallet, linked to Wallet 4, receiving funds from Wallet 1. It also has a transaction with Scrup.eth (the contract deployer of Wallet 4).
- Wallet 6 - 0xc65C94019F4c5a386ecd6e984753742aBe228aFd - 50,000 Marks: This wallet is linked through a transaction with Wallet 1.
- Wallet 7 - 0x7440e1407f95F33206Fb72464A63cd54B2eE6282 - 96,800 Marks: This wallet has the domain name "carlboi.eth", linked by multiple transactions with the founder's wallet Sandy.
- Wallet 8 and Wallet 9, each with 4,000 Marks: The address 0xdEF5610eC04DEc77D52E6F2caBff18635477aaCF is linked to the founder's wallet, while 0x0a246FE10294E0E9cA1DD4AA1433fa64b0B42bAD has a transaction with Wallet 1.
Roughly speaking, a total of 9 wallet addresses associated with the team and Scroll founder hold around 1.3 million Marks.
2 wallets with 4000 marks each:
— Andrew 10 GWEI (@Andrey_10gwei) October 17, 2024
0xdEF5610eC04DEc77D52E6F2caBff18635477aaCF
Linked with the founder's wallet
0x0a246FE10294E0E9cA1DD4AA1433fa64b0B42bAD
Transacted with the wallet connected with Wallet1.
-> pic.twitter.com/POLjqEu7Sd
Additionally, the dune analytics platform has compiled a ranking of the top 200 wallet addresses holding the most Marks, including the wallets of DeFi projects launched on Scroll, with a total of around 40 million Marks.
The wallet in the top 1 position on this list with 4.4 million Marks belongs to Rhino.fi. About more than 200,000 Marks belong to the wallet address operating the bridge contract of L0 projects, Orbiter, Rhino, Owlto Finance, Relay...due to having tens to hundreds of thousands of bridge transactions.
Most of the wallets in this top with 200k+ marks are project wallets: L0, Orbiter, Rhino, Owlto, Relay and others. These are the wallets that are needed to run their bridge contracts etc(As I understand it) and with tens and hundreds of thousands of trans. -> pic.twitter.com/VSeGsGUMzI
— Andrew 10 GWEI (@Andrey_10gwei) October 17, 2024
Notably, the evidence presented above has not only been discovered by @Andrey_10gwei, but also by many other on-chain research accounts that have provided similar data.
Notably, the account @Cryptophileee not only provided on-chain data evidence but also bluntly stated that the Scroll development team and founder own more than 1.5 million Marks!
— Cryptophile (@Cryptophileee) October 17, 2024I have investigated wallets of Scroll team members and was shocked
Founder and devs have more than 1,5mln marks!
Let's dive deeper:
Currently, although there are still about 4 days left (22/10) before users can receive the Scroll airdrop, and it is still unknown whether the suspected internal addresses of Scroll will be eligible to receive the airdrop, the fact that most of the wallets related to the development team hold a large amount of Marks - which means they hold a huge amount of SCR tokens - could cause fear of selling pressure in the community when the TGE event takes place.
On the X platform, the user community is also gradually calling Scroll "ZKscam 2.0", implying that the upcoming airdrop of the project may have similarities with the ZKsync airdrop in June 2024, as most believe that ZKsync favored its insiders and projects in its ecosystem, rather than focusing on real users.
The aforementioned turbulence has "deeply submerged" the activities on the ZKsync network to date, causing the ZK token FDV to drop more than 40% since its listing, and the protocol's Total Value Locked (TVL) to "plummet" from a peak of nearly $200 million to around $70 million, forcing the development organization Matter Labs to cut nearly 1/4 of its staff.
Total Value Locked (TVL) of the ZKsync protocol captured on defillama on the evening of October 18, 2024
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