Derolytics
@Derolytics
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This is the end. DERO is DEAD. 💚 Liked our work? Support here: https://t.co/gKavKRjI91
Joined August 2024
🚨 $8.3M CRYPTO HEIST EXPOSED 🚨 Evidence suggests Captain executed a sophisticated inflation exploit, creating 2,200,000 $DERO from nothing! Then systematically sold it over 2 years (Oct 2022-July 2024) while abandoning project entirely. This is the end. #DERO IS DEAD.
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Of course, you are free to think it wasn't the Captain who did it. But that doesn't change the fact that $DERO is vulnerable to inflation exploit, which cannot even be detected anymore thanks to recent privacy fix. This makes all coins worthless. Or as we say: DERO is DEAD ☠️
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This all points to Captain being the perpetrator. He already had automation in place for handling the swap. After unusually short swap period was over, he just modified his bot for this operation. No random attacker would go through this long planning and extraction process.
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And interval between inflation exploit and following TXs sending coins into multiple newly created wallets and exchanges is only 1-2 minutes! This suggests preplanned action. Attacker knew this would work and created advanced system to secretly liquidate these coins beforehand.
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Another interesting fact we forgot to mention is that when you look at CSV with all the TXs, you can see then happening almost every single day for the 2 years period! This suggests automated system.
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Note we publicly talked about this issue in the past - as soon as we found the strange TX. It just took a while to break it, realize what really happened and connect all the dots. https://t.co/eMXOgLxDrw
Ok, not a FUD, but here’s something: We’ve identified a single entity (!) that sold* 1.67 million $DERO between October 2022 and July 2024. That’s 11% of the entire circulating supply! (*sent to exchanges = most likely sold) #dero #cryptocurrency #privacy
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Our $DERO chapter closes here. After more than a year of forensics and fighting for truth, we're done. Good luck to everyone who believed in this project - we hope this investigation provides the closure you deserve. The truth is finally out there ✅ 💙 Goodbye, Derolytics 👋
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They also ignored our warnings about fixing privacy bug without proper expertise. Now the chain is MORE vulnerable - attackers can create infinite $DERO invisibly! And they can't even hire real devs because Captain STILL controls the 1M community fund. Complete failure. 🤦♂️
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The $DERO Foundation provided COVER for Captain instead of helping the project/community. Repeatedly lied about "communicating with Captain" and him "working on upgrade," while downplaying the privacy bug and all other issues we exposed. They chose deception over transparency.
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We spent a year deanonymizing $DERO and built Derolytics Explorer so everyone could see the truth. Our mission was always to help the community by sharing every finding and pushing for fixes, despite being called "FUDders." 🔍 Full report with evidence:
derolytics.com
BREAKING: Investigation reveals DERO founder 'Captain' stole $8.3M through inflation exploit, laundered via 242 accounts, then vanished. Full forensics inside.
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If you are bored, you can register some $DERO addresses using our tool: https://t.co/SKs053nqha For example, run on 8 threads as Derpero using: ./regspam -name "Derpero" -t 8 It will help Derolytics Explorer eliminate these decoys from future transactions. #dero #monero $XMR
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Why does $DERO even need explicit address registration? No other crypto needs this. It doesn't improve security. It doesn't improve privacy. It just makes UX worse. Or is there actually someone who enjoys wasting time on this?
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If you are bored, you can register some $DERO addresses using our tool: https://t.co/SKs053nqha For example, run on 8 threads as Derpero using: ./regspam -name "Derpero" -t 8 It will help Derolytics Explorer eliminate these decoys from future transactions. #dero #monero $XMR
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People were talking about how long it takes to register a new $DERO address. Apparently, 11 MINUTES is considered pretty damn good. Me: doing it in 9-50 SECONDS on an older CPU. Magic? Nope. Just Dero's implementation is trash. (Also the whole need for registration is stupid.)
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@8mmarcel It also shows the flaw in mining design I mentioned earlier: Miners are motivated to mine only miniblocks = they have 9x lower difficulty, but same reward. But attacker needs to compete only with miners who mine integrator blocks. -> the security is weakened as a result 💥
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@8mmarcel Explorer has just been updated to show the dominance separately for blocks, miniblocks and the original total value.
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This is so funny. Just like we thought, $DERO Foundation didn't coordinate with exchanges before pushing a wallet update that breaks compatibility. Now people are losing their deposits on @safetradeex. And the best part? Clueless kryptoid is now blaming @nonkyc_exchange 😂
Oh god, this day can't get any worse for $DERO, or can it? Unfortunate @safetradeex don't know that Captain (project owner and the single core dev in same person) apparently left the project few years ago, and let it rot with all these bugs. He won't answer you.
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⚠️ Situation is still the same. Now it's even higher, at 57.3 % for this miner.
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