The following are two *preliminary* findings regarding the flow of @globiance's XDC. Much more work remains to be done. A conclusive, complete analysis will take time. This isn’t that. But it is a start. 1/n.

Taking a break from normally scheduled programming to share this BIG news.

Globiance users who deposited assets other than XDC to the exchange - BTC, ETH, Tron/USDT, etc. - please DM me TX details. I can't follow funds without places to start, and I've only received 1-2 non-XDC asset deposit addresses. 🙏.

Thanks to @aUselessChris for assist.

Correction. The exchange wallets identified below are Kucoin and Bitrue, not Coinspot and Bitrue. xdc4e5d2ddf1c5060a64d70eec1731710f49a76d2bf is Kucoin (as is the feeder wallet: xdc09c89b0f9afdc7e6257ed3ba65b84639c3af6c18). In other words, Globiance sent approximately.

A correction. The exchange wallets identified below are Kucoin and Bitrue, not Coinspot and Bitrue. xdc4e5d2ddf1c5060a64d70eec1731710f49a76d2bf is Kucoin (as is the feeder wallet:.xdc09c89b0f9afdc7e6257ed3ba65b84639c3af6c18). In other words, Globiance sent approximately.

Finally, consider this. Even if a full forensic study of fund flows were commissioned for millions of dollars, what then? It'd still be up to users/victims to use the information to seek restitution in court. I'm providing much the same information such a study would provide--it.

Re Elliptic, that's not how it works. Elliptic is integrated with XDC, which just means that businesses/projects can pay Elliptic to access its forensic software to study XDC fund flows themselves. This is basically what I've been doing. Normally, it would cost 6-7 figures to.

Globiance is an exchange that supported XDC staking. To illustrate, many other exchanges have supported ETH staking. Sometimes they get hacked. When that happens, there's nothing Vitalik or the ETH Foundation can do for victims. The same goes with XDC and Globiance. In fact, it.

XDC is a decentralized blockchain on which anyone can build basically anything. The essential thing to understand is that while XinFin helps to maintain the blockchain, it has no oversight/control over any of the countless projects building on the blockchain. That's the.

I will try to explain. A 🧵. .

RT @blocksec_xdc: @saveourplanet_9 @B3lle888 I understand, and I agree: the goal is to make victims whole. There are two options. Option….

RT @blocksec_xdc: @xcombmaxi @atulkhekade Atul/Ritesh are the founders of the blockchain, but the chain is fully permissionless and decentr….

*typo above*. Globiance resigned all 12 (not 11) master nodes. .

There is more to share, but this is a start. Let’s work productively toward a resolution.

XDC was sent to Coinspot from the following two wallets:. xdc3dd77de79fb46af0a7688231baf0d0c645755086. xdc09c89b0f9afdc7e6257ed3ba65b84639c3af6c18. And XDC was sent to the following Bitrue wallet:. xdc1a70e10d3cd22532ffe3f0c2d2f4acd7cc394fad. Coinspot and Bitrue will likely—but.

The silver lining: . If Oliver does not provide a full account of the “exploit” and of whereabouts of the XDC (all backed up by objective, on-chain evidence), Globiance users have a clear path forward. OTOH, if Globiance was exploited, as Oliver claims, it would be difficult for.

TL;DR. 1) Between May 2022-March 2023, ~70,000,000 XDC was sent from Globiance to Coinspot. 2) Between April-September 2024, Globiance resigned 12 master nodes, and apparently sent ~100,000,000 XDC to Bitrue. Again, these are only a preliminary and partial findings. But.

From there, the intermediary wallet (xdc9f2) sent ~80,000,000 XDC via a number of other intermediary wallets to what is most likely a Globiance controlled Bitrue wallet—from there, funds were commingled in Bitrue’s consolidated XDC wallet.

Between April 2024 and September 2024, Globiance resigned all 11 master nodes and withdrew the XDC. ~12,000,000 XDC quickly ended up on Coinspot via two intermediary wallets. Globiance probably controlled both intermediary wallets, as xdcb42 sent 20,000,000 XDC back to