Zach XBT and Nansen caught Arrington XRP Capital using insider information on EtherFi

Home / Zach XBT and Nansen caught Arrington XRP Capital using insider information on EtherFi

Onchain analysts Zach XBT and Nansen have implicated fund Arrington XRP Capital in using insider information on the EtherFi platform.

The fund’s 10 wallets mined 5,000 eETH tokens (500 per account).

All wallets received a drop of 200498 ETHFI tokens. This money was transferred to another address and then to Binance.

In fact, the fund sybilized the project and took the tokens out of there. The most interesting thing and that they bypassed the 25K ETHFI drop limit by splitting their staking into different accounts. Analysts reasonably assumed that they just knew about this limit otherwise they would have been vested.
EtherFi and Arrington XRP Capital started making excuses that it wasn’t like that and that it wasn’t an insider.

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