LiteLiger Blog

YF Moonbeam & YF Mafia Investigation - Multitude of YF Clones being Rugged


YFI Clones Are Here and They also want your Money (Before they Rug)

Thanks to one of my investigative team members who compiled a massive YFI clone spreadsheet that has lot of collected addresses and info about previous rug pulls. Due to time constraints i won't write massive piece this time compared to previous investigations, but i leave you enough to understand what is basically is going on here. 

TL;DR - There are multiple groups, likely 5-8 who keep copying YF code and releasing all types of forks around it, they usually do pre-sales or other type of sketchy things. After a while they pull the rugs and always are lead by anons (You are not gonna see whitepapers or github profiles either).

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The first piece of evidence might suggest that we are dealing with same group as Hatch DAO here, which i covered on previous Trust Swap Investigation article. Other alleged connection was that Twitter/YouTube influencer Wolf endorsed Hatch prior, but data of that has not surfaced yet. He has blocked me on twitter at the moment even though i didn't tweet at him.


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Also a former team member came out, who left the team and said that YF Moonshot is ran by same people. They used them to audit YF Moonbeam which is very sketchy in my honest opinion, when they had the finances to get proper audit firm to do it. 

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These Pinned announcement messages are also almost identical, which also supports the narrative that these are ran by one and the same people. YF Gamma was likely also part of this triangle (Then again these two worked to expose them). 

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A Rival group basically copied their website, but why would YF Moonbeam go the trouble of changing their design, when web archives are on their side? IS it because YFBEAM is also part of the YF mafia group who keep cloning stuff and replicating projects.

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A Possible Moderator or admin who happens to work on all groups. We haven't been able to find who is this guy, but it would be odd to buy competing products to your portfolio right? Not all the transfers come from actual uniswap which is also suspicious. 


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Also it seems activity on Twitter has died out. Not that is major point, but however i asked the developers to do "Proof of voice" so we could verify they aren't the same people, but they refused to do that. Also my account was banned from YF Moonbeam Telegram.

The prices haven't recovered since expose happened. More information is likely to follow regarding this case, i really recommend avoiding all existing YFI Clone projects, since they are not trust worthy.

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LiteLiger
LiteLiger

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