WSB IDO Post-Mortem
Community,
EDIT: Details are starting to come in:
BSCStarter has shared the following:
We are still gathering information — but at this time here’s the key points in the article shared BSCStarter:
- Nobody was ‘minting’ or hacking the WSB token supply. The token is performing as expected and an audit is available here.
- The WSB Founders are not selling — this is FUD. No treasury tokens have been moved.
- The BSCstarter team issued influencer allocations from IDO funds to a smart contract for influencers to claim.
- One of those claimed more than they should — 8m instead of 1m. Then proceeded to dump those funds for 2130.14 BNB (approx $1.1m USD).
- Turns out this person is part of a VC group. The VC has now frozen all of his vesting funds with the group and fired this individual. WSB will be able to recoup the damages this way.
- This created 7 victims who were expecting to claim their 1m WSB each today. We are in touch with those individuals.
We will share more information as we receive it.
ORIGINAL POST:
Quick post as we wait for details to come in — we received our WSB tokens from the BSCStarter after the token launched — giving us little time to distribute the tokens.
Shortly thereafter, we noticed tokens associated with this wallet: Address 0xe32b994a73568f546b0c75f17e51eb655afbf560 | BscScan dumping and didn’t want to put our users at further risk, nor did we want to collect funds for the tokens as legally we didn’t want to be associated with something we were seeing as project tokens being dumped on retail. We made the executive decision to take the tokens sent to us, which were sent to us after listing, and gradually sell those in order to bring value back to our community that would have participated in the whitelist had things gone smoothly.
We await a full post-mortem from the WSBDapp team.
What happens now?
You’ll pay for your whitelist allocation and be airdropped your share of BUSD.
$100 Allocation = $760 BUSD.
What happens next?
We are excited to move forward and put the events of today and the previous weeks in the rear view mirror. We will not be doing any farming for WSB on ZERO but feel free to do so on WSBDapp.com
