近日，币安实验室在Curve DAO Token遭受攻击后，迅速投资了500万美元，显示出其对稳定DeFi生态系统的坚定承诺。这一行动不仅为Curve带来了资金支持，还为整个DeFi社区传递了一个明确的信号：即使在面对挑战时，币安也始终站在前沿，努力确保DeFi生态系统的稳定和繁荣。

此外，这次投资还带来了另一个令人兴奋的可能性，那就是Curve可能会扩展到BNB链。如果这一预测成真，那么Curve在BNB链上的扩展将为用户带来更多的流动性和交易机会，同时也将进一步加强币安在DeFi领域的领导地位。

总的来说，币安此次的快速反应和投资行为再次证明了其对DeFi生态系统的长期承诺和支持。随着更多的项目和创新者加入DeFi领域，我们有理由相信，币安将继续发挥其在推动这一领域发展中的关键作用。

#Binance #BNB #BNBChain

这篇文章是 #VitalikButerin v神对生物识别人格证明的看法，通过文章我总结了一些关键观点

1、人格证明是一种有限的现实世界身份，断言一个给定的注册账户由一个真实的人（并且与每个其他注册账户的真实人不同）控制。

2、Worldcoin 是一个大规模的人格证明项目，依赖于高度复杂的生物识别技术，使用一种名为 "Orb" 的专门硬件扫描每个用户的虹膜。

3、Worldcoin 的隐私和安全问题，以及一些设计问题，引发了对生物识别是否是一个好主意的基本问题。

4、人格证明的价值在于它解决了许多人们面临的反垃圾邮件和反集权问题，同时避免了对中心化权威的依赖，并尽可能地揭示最少的信息。

5、Worldcoin 的工作方式，以及与 Worldcoin 的构造有关的主要问题，包括隐私、可访问性、集中化和安全性。

6、生物识别人格证明方案如何解决隐私问题，以及这些系统的可访问性问题。

7、生物识别人格证明系统的集中化问题，以及 Worldcoin 如何解决硬件集中化问题。

8、人格证明的一般性安全问题，以及我们如何解决这些问题。

阅读更多：https://vitalik.eth.limo/general/2023/07/24/biometric.html

#ETH #WorldCoin 关注我，充值信仰，陪你度过漫漫熊市，静待花开~

随着区块链技术的不断发展，非同质化代币（NFT）已经成为数字资产领域的新宠。NFT以其独特的不可替代性和可验证的所有权，吸引了艺术家、游戏开发者和投资者的兴趣。然而，尽管NFT市场蓬勃发展，但仍然面临一些挑战，例如标准化和互操作性等问题。

一个新的标准——ERC6551——可能为NFT市场注入新的活力和创新。ERC6551，作为一种新兴的NFT标准，旨在解决现有标准的局限性，并提供更多的功能和灵活性。

什么是ERC6551？

ERC6551是一种基于以太坊区块链的NFT标准，它被设计用于提高NFT的互操作性和可扩展性。与其他标准相比，ERC6551在几个关键方面有所不同，包括元数据的支持、可编程的特性和更高级的功能。

NFT作为一种数字资产，在艺术、游戏和虚拟现实等领域引起了广泛的关注。然而，尽管NFT市场快速增长，但不同平台之间的互通性和互操作性仍然存在问题。这就是为什么新兴的NFT标准如ERC6551的出现如此重要。

ERC6551的主要目标是提供更多的自定义选项，使NFT持有者和开发者能够更好地控制和管理其数字资产。通过支持元数据和可编程特性，ERC6551为NFT带来了更多的灵活性和功能性。

具体而言，ERC6551引入了更丰富的元数据支持，使NFT的所有者能够将更多信息和属性与其数字资产关联起来。这些元数据可以包括艺术品的创作者、发行日期、版权信息等，有助于加强数字资产的身份验证和溯源。

此外，ERC6551还引入了可编程的特性，使开发者可以根据自己的需求和业务逻辑对NFT进行定制。这意味着NFT的功能和应用范围将大大扩展，从而为创作者和用户带来更多的可能性。

例如，通过使用ERC6551，开发者可以为NFT添加交互功能，使用户能够与数字艺术品进行互动。这种互动可以包括展示、收藏、购买和销售等，为用户提供更好的体验和参与感。

此外，ERC6551还为NFT的交易和使用提供了更多的灵活性。通过引入可编程特性，ERC6551允许开发者定义不同的使用规则和条件，例如特定时间段内的使用权限、分成机制等。这为NFT的商业化和多样化应用打开了新的可能性。

总的来说，ERC6551的出现为NFT市场带来了更多的可能性和创新。它通过支持更丰富的元数据和可编程特性，提高了NFT的互操作性和可扩展性。随着更多的项目和平台采用ERC6551标准，我们可以期待看到NFT市场的进一步发展和成熟。

NFT的概述

在深入了解ERC6551之前，让我们先简要回顾一下NFT的基本概念和原理。NFT是一种基于区块链技术的数字资产，与传统的可替代性代币（如比特币或以太币）不同，每个NFT都具有唯一性和独特性。

NFT的独特性使其成为数字艺术、游戏物品和虚拟房地产等领域的理想选择。通过NFT，艺术家可以将他们的作品数字化并证明其所有权，游戏开发者可以创建稀缺的虚拟物品，而收藏家可以在虚拟世界中展示和交易他们的宝贵收藏品。

然而，尽管NFT市场已经取得了巨大的成功和发展，但仍然存在一些问题和挑战。其中之一是不同NFT之间的互操作性，即NFT在不同平台之间的交互和转移能力。这就是为什么新的NFT标准如ERC6551的出现如此重要。

ERC6551与NFT的关系

ERC6551的出现为NFT市场带来了新的希望和机遇。作为一种新兴的标准，ERC6551试图解决现有NFT标准中的一些问题，并提供更多的功能和灵活性。

首先，ERC6551如何改进现有的NFT标准呢？与一些早期NFT标准相比，ERC6551引入了更丰富和更灵活的元数据支持。元数据是描述NFT属性的信息，如创作者、发行日期、版权信息等。通过支持更多的元数据，ERC6551使NFT的所有者能够更好地展示和证明其数字资产的真实性和独特性。

其次，ERC6551引入了可编程的特性，使开发者能够根据自己的需求和业务逻辑对NFT进行定制。这种可编程的特性为NFT的功能和应用范围带来了更多的可能性。开发者可以根据自己的创意和需求，为NFT添加交互功能、奖励机制、游戏规则等。这样一来，NFT不再是简单的数字资产，而是可以根据用户需求和场景进行定制的数字体验。

此外，ERC6551还致力于提高NFT的互操作性和可扩展性。互操作性是指NFT在不同平台之间的交互和转移能力。当前，不同平台使用不同的NFT标准，这导致了NFT的互通性受到限制。通过与其他NFT标准的兼容性，ERC6551使得不同平台之间的NFT交互变得更加便捷和高效。这为NFT的市场发展和成熟提供了更好的基础。

ERC6551标准的出现为NFT市场带来了更多的选择和可能性。它为NFT持有者和开发者提供了更多的灵活性和自定义选项，使他们能够更好地控制和管理其数字资产。同时，ERC6551也为整个NFT行业的发展提供了更好的基础，推动了NFT的创新和多样化应用。

然而，需要注意的是，ERC6551标准仍处于发展阶段，需要行业参与者的共同努力来推动其进一步发展和普及。同时，与其他标准的兼容性和互操作性问题也需要解决，以确保ERC6551标准能够在整个NFT生态系统中发挥作用。

总之，ERC6551标准的出现为NFT市场带来了新的机遇和挑战。它通过改进现有标准、引入可编程特性和提高互操作性，为NFT的发展和应用提供了更多的可能性。随着时间的推移，我们可以期待看到ERC6551标准在NFT市场中的更广泛应用和推广，为数字资产的未来带来更多的希望和创新。

ERC6551的挑战和未来展望

尽管ERC6551带来了许多潜在的好处和机遇，但它仍然面临着一些挑战和风险。首先，技术层面上的兼容性和互操作性问题需要解决，以确保ERC6551能够与其他NFT标准无缝协作。

其次，ERC6551在市场上的接受程度和普及度也是一个重要的考虑因素。尽管它具有许多优势，但需要行业参与者的共同努力和推广才能实现其真正的潜力。

然而，无论面临什么挑战，ERC6551都代表着NFT市场的一种进步和发展方向。它为NFT的应用范围和创新提供了更多的可能性，同时也为数字资产的未来带来了更多的希望。

在未来，我们可以期待看到ERC6551在NFT市场中的更广泛应用和推广，以及更多有趣和创新的NFT项目的出现。随着时间的推移，ERC6551可能成为推动NFT行业发展的重要力量之一。

总之，ERC6551的出现为NFT市场带来了新的机遇和挑战。它为NFT的互操作性、可扩展性和创新提供了更多的可能性。

#ERC6551是否能让NFT焕发新春 #NFT #ETH

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引言：

近期，加密货币市场迎来了一个新的趋势，即以娱乐化为特点的币种2.0的兴起。这些币种如Shiba Inu 2.0（SHIB2.0）、Pepe 2.0（PEPE2.0）和Doge 2.0（DOGE2.0）等，都以其独特的梗和社区文化吸引了大量的关注。本文将对这一现象进行分析，并探讨娱乐化币种对加密货币市场的影响。

娱乐化币种的特点：

娱乐化币种的兴起在一定程度上反映了加密货币市场的发展趋势。这些币种通常以各种梗、网络迷因或社交媒体上的流行符号为基础，通过创造有趣的形象和品牌故事来吸引用户。相比于传统的加密货币项目，娱乐化币种更注重社区建设和用户参与度，通过活跃的社交媒体宣传、激励措施和奖励机制来吸引更多的用户参与。

社区文化的影响：

娱乐化币种的成功离不开其独特的社区文化。这些币种的社区成员往往形成紧密的群体，并以共同的兴趣爱好和信仰为纽带。社区成员之间互相交流、分享投资经验、参与空投活动，甚至一起制定项目的决策。这种紧密的社区文化为娱乐化币种的发展提供了坚实的基础，也使得这些币种具有了较高的社区认同感和用户忠诚度。

风险与挑战：

然而，娱乐化币种也面临着一些风险和挑战。首先，这些币种的投资风险相对较高，因为它们的价值主要建立在市场情绪和社区热情之上，而非实际的商业模型或技术基础。此外，由于娱乐化币种的市场波动性较大，投资者需要保持警惕，避免盲目跟风和过度投资。

对加密货币市场的影响：

娱乐化币种的兴起对加密货币市场带来了一些新的影响。首先，它们为加密货币行业带来了更多的曝光度和用户参与度。这些娱乐化币种的热度吸引了新用户的加入，推动了整个市场的发展。其次，娱乐化币种的成功也提醒了传统加密货币项目，注重社区建设和用户参与的重要性。这种社区驱动的发展模式可能会在未来成为更为普遍的趋势。

结论： 娱乐化币种2.0的兴起展示了加密货币市场的多样性和创新性。这些币种以其独特的梗和社区文化吸引了大量的关注，为加密货币行业带来了新的活力。然而，投资者在参与这些币种时需要保持谨慎，了解其风险和潜在的不确定性。同时，传统加密货币项目也可以从娱乐化币种的成功中汲取经验，注重社区建设和用户参与，以促进整个行业的可持续发展。

请注意，娱乐化币种的投资存在风险，本文仅为分析和讨论，不构成任何投资建议。在做出任何投资决策之前，请自行进行充分的研究和风险评估。

#热门币种的2.0

Shiba Inu 2.0 (SHIB2.0)

Pepe 2.0 (PEPE2.0)

Doge 2.0 (DOGE2.0)

Pig 2.0 (PIG2.0)

BOBO 2.0 (BOBO 2.0)

Luna 2.0 (LUNA2.0)

SafeMoon 2.0 (SAFEMOON2.0)

BONE 2.0 (BONE2.0)

Baby Pepe 2.0 (BPEPE2.0)

Dogelon 2.0 (DOGELON2.0)

PEPE 3.1 (PEPE 3.1)

Babydoge 2.0 (BABYDOGE2.0)

Saitama Inu 2.0 (SAITAMA2.0)等等，

引言

在区块链行业中，可扩展性一直是一个重要的挑战。随着去中心化应用（dApps）的增长和用户数量的增加，区块链网络的交易量也在不断增加。然而，大多数区块链网络的设计使得它们在处理大量交易时面临困难，这就导致了交易延迟和费用增加。为了解决这个问题，研究人员和开发者们提出了Layer 2扩展解决方案。

Layer 2扩展解决方案是一种在区块链网络之上构建的技术，它可以提高网络的交易处理能力，同时降低交易费用。这些解决方案通过在主链之上运行，处理大部分交易，然后将结果提交给主链，从而实现扩展。这样，主链就不需要处理所有的交易，从而提高了其性能和可扩展性。

在接下来的文章中，我们将深入探讨Layer 2扩展解决方案的工作原理，它们对区块链行业的潜在影响，以及如何评估和确定该领域的高质量项目。

理解Layer 2扩展解决方案

Layer 2扩展解决方案是一种在区块链网络之上构建的技术，它可以提高网络的交易处理能力，同时降低交易费用。这些解决方案通过在主链之上运行，处理大部分交易，然后将结果提交给主链，从而实现扩展。这样，主链就不需要处理所有的交易，从而提高了其性能和可扩展性。

比特币的闪电网络就是一个Layer 2扩展解决方案的例子。闪电网络通过创建一个在比特币主链之上的支付通道网络，使用户能够进行即时、低成本的交易。这些交易在支付通道内部进行，而不需要在比特币主链上进行，从而大大提高了交易速度并降低了成本。

以太坊也有多种Layer 2扩展解决方案，包括Plasma，zkRollups和Optimistic Rollups。Plasma是一种允许创建子链的框架，这些子链可以处理大量交易，然后将结果提交给以太坊主链。zkRollups和Optimistic Rollups则是通过将多个交易打包成一个，并将其提交给主链，从而实现扩展。

这些Layer 2扩展解决方案都有一个共同的目标，那就是提高区块链网络的可扩展性，使其能够处理更多的交易，同时降低交易费用。这对于区块链行业的发展至关重要，因为它可以支持更多的应用和服务在区块链网络上运行，从而推动区块链技术的广泛应用。

Layer 2扩展解决方案的潜力

Layer 2扩展解决方案对区块链行业的潜在影响是巨大的。首先，它们可以显著提高区块链网络的交易处理能力，使得更多的用户和应用可以使用区块链技术。这对于推动区块链技术的广泛应用是至关重要的。

其次，Layer 2扩展解决方案可以降低交易费用，使得小额交易成为可能。这对于许多应用，如微支付和去中心化金融（DeFi）服务，是非常重要的。通过降低交易费用，Layer 2扩展解决方案可以使更多的用户和应用能够负担得起使用区块链技术。

此外，Layer 2扩展解决方案还可以提高区块链网络的隐私性和安全性。例如，一些Layer 2解决方案使用零知识证明（zk-SNARKs）或零知识卷积（zk-Rollups）技术，可以在不泄露交易详情的情况下验证交易的有效性。

在实际应用中，Layer 2扩展解决方案已经取得了一些成功。例如，闪电网络已经被广泛应用于比特币交易，而以太坊的Layer 2解决方案，如Optimism和Arbitrum，也在DeFi应用中得到了广泛的应用。

总的来说，Layer 2扩展解决方案为区块链行业的发展提供了巨大的潜力。通过提高交易处理能力，降低交易费用，以及提高隐私性和安全性，Layer 2扩展解决方案有可能推动区块链技术的广泛应用。

识别高质量的Layer 2项目

在评估Layer 2项目时，有几个关键因素需要考虑。首先，团队的技术专长是非常重要的。实施Layer 2扩展解决方案需要深厚的技术知识和经验，因此，一个有经验的团队是项目成功的关键。

其次，项目的可扩展性和安全性特性也是需要考虑的重要因素。一个好的Layer 2项目应该能够显著提高交易处理能力，同时保持高度的安全性。此外，项目应该有一个健壮的社区支持和合作伙伴关系，这可以显示出项目的影响力和潜力。

如果项目有代币，那么代币经济学也是一个需要考虑的因素。代币应该有一个明确的用途，并且其价值应该与项目的成功紧密相关。

根据 #coinmarketcap 网站的信息，以下是一些主要的Layer 2项目：

Polygon (MATIC)：Polygon是一个多链扩展和基础设施开发平台，旨在为以太坊扩展和连接不同的区块链网络。

Arbitrum (ARB)：Arbitrum是一个开源的Layer 2扩展解决方案，使用Optimistic Rollups技术，旨在提高以太坊的可扩展性。

Optimism (OP)：Optimism也是一个使用Optimistic Rollups技术的Layer 2扩展解决方案，旨在提高以太坊的交易速度和降低费用。

ImmutableX (IMX)：ImmutableX是一个为NFT和游戏提供零气费交易的Layer 2扩展解决方案。

Loopring (LRC)：Loopring是一个开源的Layer 2扩展解决方案，使用zkRollups技术，旨在提高以太坊的交易速度和降低费用。

以上每个项目都有其独特的特点和优势，但它们都致力于解决区块链的可扩展性问题，这使得它们在区块链行业中具有巨大的潜力。

未来展望和结论

随着区块链技术的发展和应用的增加，Layer 2扩展解决方案的重要性将进一步增强。这些解决方案为区块链网络提供了必要的可扩展性，使得更多的用户和应用可以使用区块链技术。此外，通过降低交易费用，Layer 2扩展解决方案还可以使更多的用户和应用能够负担得起使用区块链技术。

在未来，我们可以期待看到更多的Layer 2项目出现，并且现有的项目将继续发展和改进。这些项目将在提高交易速度，降低费用，提高隐私性和安全性等方面进行创新，从而推动区块链技术的广泛应用。

然而，尽管Layer 2扩展解决方案具有巨大的潜力，但在投资这些项目时，投资者仍然需要进行仔细的评估。这包括考虑项目的技术基础，团队的经验，项目的可扩展性和安全性特性，以及项目的社区支持和合作伙伴关系。只有通过这样的评估，投资者才能确定哪些项目是高质量的，有可能在未来取得成功。

总的来说，Layer 2扩展解决方案为区块链行业的发展提供了巨大的潜力。通过提高交易处理能力，降低交易费用，以及提高隐私性和安全性，Layer 2扩展解决方案有可能推动区块链技术的广泛应用。然而，投资者在投资这些项目时，仍然需要进行仔细的评估，以确定哪些项目是高质量的，有可能在未来取得成功。

#Layer2 #ETH 关注我，充值信仰，陪你走过慢慢熊市，静待花开之时~

在加密货币交易领域，安全一直是投资者们最为关注的问题之一。随着市场的不断发展和监管的加强，合规成为了币安（Binance）等交易平台的重要议题。本文将为您介绍币安合规的重要性以及该平台采取的措施，以确保用户的资金和交易信息的安全。

币安合规的意义

币安作为全球领先的加密货币交易平台，拥有数百万用户和大量的交易量。在这个高风险的市场中，合规是确保交易平台稳定发展和用户信任的关键因素。币安积极应对监管要求，通过合规措施保护用户利益，提高交易的透明度和可信度。

币安合规措施

KYC（了解您的客户）

KYC是“了解您的客户”的缩写，是币安合规中的一项重要措施。通过KYC，币安要求用户提供身份验证信息，如身份证明、地址证明等，以确保用户的身份真实可信。这有助于防止洗钱和其他非法活动，并为用户提供安全的交易环境。

AML（反洗钱）

作为合规的重要组成部分，币安积极采取反洗钱措施。通过建立监控系统和风险评估框架，币安能够识别和阻止可疑交易以及洗钱行为。这有助于维护交易平台的安全性，保护用户的投资。

安全审计

为确保交易平台的安全性，币安进行了多次安全审计。这些审计由专业的安全团队进行，旨在发现和修复潜在的漏洞和安全风险。通过定期的安全审计，币安确保其系统和用户数据的安全，提高交易平台的可靠性。

币安合规的优势

用户保护

币安的合规措施旨在保护用户的资金和交易信息。通过KYC和AML，币安能够减少欺诈和非法活动的风险，为用户提供更加安全的交易环境。

市场信任

合规是建立市场信任的关键因素。作为一家合规的交易平台，币安能够吸引更多的用户和投资者，为他们提供交易和投资的信心。

法律合规

加密货币市场正不断受到监管的关注，合规成为了不可或缺的一部分。币安积极应对监管要求，确保自身的合法性和合规性，为用户提供一个合法、透明和可信的交易平台。

结论

币安合规的重要性不容忽视。通过采取KYC、AML和安全审计等措施，币安致力于保护用户的资金和交易信息，提高交易平台的可靠性和透明度。作为加密货币交易者，选择一个合规的交易平台是保护自身利益的重要举措。币安合规的努力将为用户提供一个安全、可信的交易环境，促进整个加密货币市场的发展。

In the ever-evolving landscape of cryptocurrencies, Binance has emerged as a game-changer. Since its inception in 2017, this digital currency exchange platform has gained immense popularity and become a leading player in the industry. With its innovative features, extensive range of offerings, and commitment to security, Binance has revolutionized the way people trade and invest in cryptocurrencies. In this blog post, we will delve deeper into the world of Binance and explore why it has become the go-to platform for crypto enthusiasts worldwide.

A Seamless Trading Experience

One of the key factors contributing to Binance's success is its user-friendly interface and seamless trading experience. Whether you are a seasoned trader or a beginner, Binance offers a range of tools and features that cater to all levels of expertise. The platform provides an intuitive trading interface, making it easy for users to buy, sell, and trade cryptocurrencies with just a few clicks.

Extensive Range of Cryptocurrencies

Binance boasts an extensive selection of cryptocurrencies available for trading. Unlike many other platforms that offer only a handful of popular coins, Binance provides a wide range of options, including both well-established cryptocurrencies and promising new projects. This diverse selection allows traders to explore new investment opportunities and diversify their portfolios.

Competitive Fees and Liquidity

In the world of cryptocurrency trading, fees and liquidity are crucial factors to consider. Binance offers competitive trading fees, making it an attractive option for both retail and institutional traders. Additionally, Binance has established itself as one of the most liquid cryptocurrency exchanges, ensuring that users can easily execute their trades without experiencing significant price slippage.

Robust Security Measures

Security is of paramount importance in the cryptocurrency world, and Binance understands this well. The platform employs state-of-the-art security measures to protect users' funds and personal information. Binance uses a combination of advanced technologies, including multi-factor authentication, cold storage wallets, and regular security audits to ensure the highest level of security.

Innovative Products and Services

Binance is not just a cryptocurrency exchange; it is a comprehensive ecosystem that offers a range of innovative products and services. One such product is Binance Launchpad, a platform that enables promising blockchain projects to raise funds through token sales. Binance also offers a staking service, allowing users to earn passive income by holding certain cryptocurrencies in their Binance wallets.

Community and Education

Binance has built a strong community of cryptocurrency enthusiasts and traders. The platform provides educational resources, including tutorials, articles, and webinars, to help users navigate the complexities of cryptocurrency trading. The Binance community is known for its active engagement and support, fostering a collaborative environment for learning and sharing knowledge.

The Future of Binance

As the cryptocurrency industry continues to evolve, Binance remains at the forefront of innovation. The platform is constantly expanding its offerings and exploring new opportunities to provide its users with the best trading experience. With its commitment to user satisfaction, security, and continuous improvement, Binance is well-positioned to shape the future of cryptocurrency trading.

In conclusion, Binance has emerged as a leading player in the cryptocurrency world, offering a seamless trading experience, a wide range of cryptocurrencies, competitive fees, robust security measures, innovative products and services, and a supportive community. As more individuals and institutions embrace cryptocurrencies, Binance will undoubtedly continue to play a significant role in shaping the future of this industry. Whether you are a seasoned trader or a beginner, Binance provides the tools and resources you need to embark on your cryptocurrency journey with confidence.

INTRO

Jeffrey Huang, known online as Machi Big Brother, is a former Taiwanese-American musician and tech entrepreneur who embezzled 22,000 ETH from Formosa Financial in 2018. In the four years since the fall of Formosa Financial, Jeff has gone on to launch over ten failed pump and dump tokens and NFT projects. What follows is an extensive overview of Jeff’s history in the crypto space, a brief synopsis of Formosa, his subsequent projects, the other players involved, and as always, the receipts to back it up.

Over the past year, ‘Machi Big Brother’ aka Jeff Huang has become well-known in the NFT space as one of the largest BAYC holders. Despite this, few know of his dark history in the crypto space…

BACKGROUND

Jeff Huang, aka ‘Machi Big Brother’, is a Taiwanese-American musician and tech entrepreneur based out of Taiwan. Huang first received notoriety as a founding member of pop/rap trio L.A. Boyz, formed in 1991. Active in the early to late 90s, L.A. Boyz released 13 albums and rose to popularity in Asia before eventually disbanding in 1997.

After finding success with L.A. Boyz, Huang found repeated success with the formation of hip hop group Machi in 2003. MACHI Entertainment, a prolific Asian hip hop/rap record label and subsidiary of Warner Music Taiwan founded by Huang and cohorts was to follow. Eventually, Huang transitioned from the music business to the tech sector with the creation of 17 Media (M17). Founded in 2015, M17 grew to become one of the most popular live-streaming apps in Asia.

In 2017, Huang began his foray into the crypto space with Mithril, the first in a string of sketchy projects with shadowy team members, questionable ethics, and rote pump and dump practices. Let’s dive in.

Project 1: Mithril

In late 2017, Huang founded Mithril, a decentralized social media platform aimed at directly rewarding content creators with its native token MITH. Mithril conducted a private token sale on February 21, 2018, raising $51.6m (60,000 ETH), representative of 30% of the total token supply. 70% of these private sale tokens unlocked at TGE in February 2018, with the remaining 30% unlocking over the next three months. In April of 2018 Mithril listed on the centralized exchange Bithumb. By May of 2018, MITH tokens were fully vested, and by then, represented 89% of the circulating supply, resulting in huge selling pressure.

Source: Binance Research

Mithril Team

Project 2: Formosa

Beginning in early 2018, Huang worked closely with George Hsieh, a Taiwanese politician, Czhang Lin, and Ryan Terribilini to found Formosa Financial, a treasury management platform built for blockchain companies. Formosa Financial held an angel round which closed the last week of April 2018, raising 22,000 ETH. A private sale round closed on May 31st which raised an additional 22,000 ETH. This accounted for 30% of the total token supply. In total, Formosa raised $23m USD (44,000 ETH). Notable investors included Binance, QCP Capital, Lemnis Cap, Block One, Mithril/Jeff Huang (keep this in mind), Maicoin, Wilson Huang, Leo Cheng’s Syndicate, Blockstate, and Block One.

Allotment of shares

Formosa Team

Investors were sold on the premise that FMF was on a fast track to receiving a top-tier CEX listing.

Excerpt from deleted Medium article

Excerpt from the Whitepaper distributed to prospective investors

Hinting at a Binance listing

Machi later denying it

Trading for FMF went live in June 2018 on IDEX where it immediately plummeted. It wouldn’t list on centralized exchanges (IDCM, UEX) until September 2018.

FMF trading on IDEX

Additionally, 17 Media was scheduled to IPO on the NYSE on June 7th 2018, but due to unspecified settlement issues with investors, the IPO launch was postponed after plans to raise 115m USD fell through. ZachXBT reached out an unnamed source to uncover why:

“M17 halting of trading and its current status of a private entity has little to do with regulations or a mis-step by Citibank. M17 in the end wasn’t able to meet audit and reporting requirements and could not overcome threshold bids for their books as people could not get comfortable around the business model”.

After the botched listing, Jeff took to Facebook to express his frustration, directing expletives at Citibank and Deutsche Bank, both of whom were involved with the IPO.

Three weeks after the FMF ICO, Formosa Financial took a turn for the worse when two withdrawals of 11,000 ETH each were made from the Formosa Financial treasury wallet on June 22nd 2018. Unbeknownst to investors, cofounder George Hsieh acting as the sole director of the company, pushing a share buyback through himself, executing on both sides.

Share buyback made on June 22nd 2018

Share buyback made on June 22nd 2018

Transaction #1

Transaction #2

George Hsieh, Jeff Huang and Yalu Lin relinquished their formal roles, leaving remaining co-founder Ryan Terribilini as CEO and Lorne Lantz as CTO.

Created in Breadcrumbs by ZachXBT

This chart displays the ETH inflows of angel/private round funds into the multisig before the two 11,000 ETH withdrawals were made by Jeff and George on June 22, 2018.

On June 29th 2018, George made a transfer of 10,500 ETH to a Binance account. The veracity of the Binance account’s KYC is unknown at this time.

As for Jeff, his cut of 11,000 ETH sat untouched in a wallet until transfers of 4980 ETH, 1997 ETH, 1,400 ETH, 500 ETH, 103 ETH were made to various Binance accounts in late June & early July. 2,000 ETH was sent to czhang.eth, and 20 ETH was allocated to an EOA wallet.

The question remains: Who do the Binance accounts and the wallets belong to? Let’s dig deeper and take a closer look at some of these ETH outflows!

4980 ETH outflow made on 7/26–7/29 2018: Records show that this Binance account has frequent inflows from two sources: FTX and littlebang.eth

1a). If we look up the owner of littlebang.eth on OpenSea we see they have the username “Bun919tw”

b). A quick Google search reveals “bun919tw” is actually Bun Hsu, a Cream Finance core engineer (Cream is another Jeff Huang project.)

Excerpt from Cream Finance Medium article

c). Bun Hsu’s Twitter profile picture is BAYC #7066, which was gifted to him by machibigbrother.eth (Jeff’s public wallet).

BAYC 7066

d). Bun Hsu happens to have traded multiple Jeff projects such as FMF, SWAG, CREAM, SQUID, PHOON, MCX, & MIS/MIC.

Why did an individual who was not on the Formosa Financial team receive 4980 ETH just 3 weeks after the ICO, trade tokens from other Jeff projects, and a BAYC from Jeff himself?

2. 2000 ETH outflow made on July 11th 2018: The blockchain shows that this transaction was received by czhang.eth (Czhang Lin). Lin held the role of advisor at Formosa Financial until June 22nd.

a). Three weeks after Czhang received the 2000 ETH, Czhang sent 150 ETH to his brother Yalu Lin (Formosa COO) on July 22nd 2018.

Once again why is an advisor & COO of Formosa Financial receiving money intended to build the project?

3. 1997 ETH outflow made on July 28th 2018: The only inflows to this Binance account are from harrisonhuang.eth, an account that has frequent interaction with w9g.eth (Wilson Huang), VP of engineering at Mithril, and the current founder of XY Finance and GalaXY Kats.

Wilson gifting NFT to Harrison

Harrison gifting MAYC to Wilson

a). A quick Twitter search of harrisonhuang.eth reveals what we can presume to be his Twitter account, since he tweeted out his ENS address as a reply to Wilson.

Link to Tweet

Harrison is not listed as a team member on the Formosa Financial whitepaper or website. Once again a pattern emerges of individuals not publicly associated with Formosa receiving project funds.

The remainder of the Binance accounts that received funds from Huang lead to dead ends; the accounts do not have any recent interactions with other external or personal addresses and transactions are only movements from CEX to CEX.

On July 26th 2018, Jeff and Mithril were caught trying to cheat the Binance monthly Community Coin vote. A user named Lucky uncovered evidence showing that Mithril received over 80,000 votes which were funded solely by two to three addresses. The Community Coin vote functions thusly: 1 BNB is equal to 1 vote, with up to 500 BNB/votes allowable per account, so that one voter is able to receive a maximum of 500 votes by holding 500 BNB. In the rules however, Binance states that the creation of fake accounts is tantamount to distributing BNB en masse and resulting in automatic disqualification from the competition.

Jeff used the same address for the Formosa ICO that was closely linked to Mithril at the time, holding $8.6m worth worth of MITH. The chart below shows the wallet that transferred BNB in bulk received ETH for gas from the largest Mithril whale wallet at the time.

Created in Breadcrumbs by ZachXBT

Even more damning, the sizable amount of BNB that was used to cheat the Community Coin vote coincides within the day that Bun Hsu received 1980 ETH. In fact it was deposited to his Binance account just less than an hour prior to the vote.

In checking transactions on the chain, I found additional instances of BNB distributed in smaller amounts (500 BNB or less) to Binance accounts that coincide with the timeline in which FMF funds were stolen.

1a. 2000 ETH deposit to Bun Hsu Binance on July 28th at 3:25 am UTC

1b. 43.8k BNB withdrawal from Binance on July 28th at 4:43 am UTC (presumably Bun)

2a. 1994 ETH deposit to Harrison Huang Binance on July 28th at 7:08 am UTC

2b. 30k BNB withdrawal from Binance on July 28th at 7:28 am UTC

Once again, these addresses tie back to Jeff Huang/Mithril. It’s sad to see that this is where a large chunk of the Formosa Financial funds most likely went.

Mithril “wins” the vote

POLY wins after Binance filter for “oddities”

Once again, this is what Formosa’s raised funds were intended for.

And this is where they went instead:

In the fall of 2018, token holders began to suspect something was off when communication with Huang, Czhang, and other key FMF team members grew increasingly distant, and no proper explanations or project updates were given. FMF continued to plummet and the sudden abandonment by key team members left the project in shambles.

Wash trading bots on IDCM

Project 3: Machi X

In October 2018, Jeff Huang and Leo Cheng launched Machi X, a social marketplace for intellectual property rights, however they struggled to receive funding due to the performance of Huang’s previous project Mithril and the Formosa incident.

Mithril was listed on Binance in November 2018, which coincided with team allocation unlocks. By then, MITH was down over 80% and by 2020, development was altogether abandoned.

Chart from Coingecko

It wasn’t until over a year after launch that Formosa investors would finally be clued in to what happened to their funds. On August 12th 2019, Formosa investors received an anonymous email that said 22,000 / 44,000 ETH had been stolen from the Formosa Financial ICO private sale wallet just three weeks after the 2018 ICO. Various internal documents attesting to this were attached to the email.

In this leaked audio from 2019, former CEO of Formosa Ryan Terribilini shares his side of the story of what happened to the funds Jeff and George embezzled.

I reached out to multiple VC’s and angels who invested in the project to better understand why they didn’t pursue legal action against Jeff and George. It mainly came down to the fact that Jeff and George were seen as powerful figures in Taiwan and the investors I spoke to were afraid of what might happen if they came forward. Others simply didn’t want to deal with the mess since what happened had taken place across multiple jurisdictions. All were in agreement that they just wanted to forget that this ever even happened in the first place.

Project 4: Cream Finance

In 2020 the crypto market began to heat up again. Jeff forked Compound Finance, a decentralized peer to peer lending platform, to create Cream Finance with Leo Cheng in early July of 2020. Bun Hsu, Jeremy Yang, and Stanley Yang were among Cream’s dev team. As of today, Cream Finance has been exploited three times for more than $192m USD due to negligence.

Project 5: Wifey Finance

In August, Wifey Finance, a Yearn Finance fork, was created by an ‘anon team’, Machi, Leo Cheng, and Wilson Huang all happened to be among the first members of the Wifey Discord channel. TTransaction records show that Wifey’s deployer sent funds to Wilson Huang multiple times. After four days, Wifey Finance was abandoned.

Contract created on August 8th 2020

Machi is one of the first transactions

Machi one of the first people in the Discord

Wilson Huang receives funds from Wifey Deployer

Then we have Leo Cheng (Lumberg)

No Tweets or activity in the Discord since August 7th 2020. Wifey had a lifespan of 5 days.

Project 6: Swag Finance

Another project founded by Machi, Swag.live was an adult entertainment site that launched its governance token in early October of 2020. When Swag was quietly listed as collateral on Cream Finance, the lack of transparency surrounding the listing caused a fair amount of controversy on Crypto Twitter. Within a few weeks, the token was farmed, dumped, and delisted from Cream.

Swag controversy

Farmed and dumped

Swag delisted from Cream 1.5 months post token launch

Project 7: Mith Cash

On December 30th of 2020, Jeff and Mithril were back with a new project: Mith Cash, a fork of Basis Cash protocol (an algorithmic stablecoin). Just days after launching, Mith Cash grew to $1b TVL before crashing violently as token holders cashed out their rewards. Mith Cash eventually suffered the same fate as Basis Cash. Similarly to Jeff’s other projects, the team was ‘anon’ and Jeff claimed he was just an advisor.

Chart via CoinMarketCap

Project 8: Typhoon Cash

Shortly after the crash and burn of Mith Cash, Machi was back once again with Typhoon Cash, a Tornado Cash fork. The Typhoon team claimed to have an anon team but it was widely known that Jeff and friends were behind Typhoon. At launch it had been quite clear that the development was sloppy at best. Anyone was able to stake in the anonymity pool and remain anonymous, however, staking in the pool was necessary in order to receive rewards. This meant that in order to receive rewards, your rewards deposit would be doxxed, rendering the concept of an anonymous coin worthless. Within weeks after farming began, the project was abandoned, leaving members of the Telegram and Discord channels screwed over.

Rewkang one of first five members in the Telegram

Typhoon Cash vulnerability revealed by Avner and verified by Nick

Example:

First deposit then “stake withdraw” to pool

withdraw address is under “recipient”

unstake and withdraw from second address

No updates have been posted in the Discord, Telegram, or Twitter since February 2021 , leaving people screwed over.

Project 9: Mud Games

With the sudden rise in popularity of Loot for Adventurers (randomized in-game assets stored on-chain) at the end of August 2021, Machi soon forked his own version called Heroes of Evermore, which quickly garnered profits of 533.92 ETH for the anon team. Unlike Loot, Heroes of Evermore was not randomized and anon team members quietly minted all of the rarest NFTs from the collection, unbeknownst to Evermore holders.

Both team members Jeff & penguin minted #2 and #3 for rarity of the collection

Project 10: Squid DAO

Once again, an ‘anon team’ was behind the launch of Squid DAO, an OHM/Nouns DAO fork that appeared in October of 2021. Among the early holders was MachiBigBrother.eth. By January 2022 the project was shut down at the suggestion of Machi.

Machi forces through the proposal

Nowadays Machi has moved onto X, XY Finance, and most recently, his newest fork: Ape Finance.

XY Finance Team & Advisors

X Advisors

Ape Finance

In so many of Jeff’s projects we see the same reoccurring themes play out: anon teams, forked projects, fresh wallets funded via FTX, and short lifecycles. We see the same players in every project, Wilson and/or Leo are always in the mix with Jeff. VC’s like Andrew Kang even turn a blind eye. I reached out to Andrew in October 2021 and this is what he had to say:

Then in February, Andrew threw his support to Jeff again, even though at this point, Cream was pretty much dead. It’s sad to see people turn a blind eye to obvious rugs when money is involved, especially when the parties involved have financially harmed others at significant cost, whether it is through 10+ low effort projects, or by helping embezzle 22,000 ETH.

From pleasrDAO Telegram

Jeff has voiced concern about the mischaracterization of Taiwan when his misdeeds have come to light, and yet the actions of he and his group have continuously harmed the space and Taiwan as a whole. I hope that one day, everyone who has been harmed will see some form of justice.

I reached out to Jeff prior to the release of this article as a general courtesy. He reinforces he was just compensated for his advisor role at Formosa, claims he did not know of the 4980 ETH payment to Bun or Harrison, and he maintains that Mithril never cheated in the Community Coin competition. I believe that there are simply too many coincidences between all of these projects for this to be the case.