BTCC / BTCC Square / decryptCO /
DeGods Founder’s Wallet Drained in Suspicious Exit—Just Another Day in Web3 Finance

DeGods Founder’s Wallet Drained in Suspicious Exit—Just Another Day in Web3 Finance

Author:
decryptCO
Published:
2025-05-15 19:34:57
21
1

Mistakes Were Made From a Wallet Frank DeGods Controls: Founder Wallet Drained as He Exits

Frank DeGods’ controlled wallet gets emptied as he steps away—because what’s a crypto exit without some ’unforeseen’ liquidity events?

Subheader: The $500K Mystery Drain

On-chain sleuths flag transactions from a founder-linked address moving ETH to Tornado Cash. ’Operational error’ or calculated cash-out? The blockchain never lies—but founders sometimes do.

Subheader: Rugpull Vibes or Harmless Oversight?

Community watches DeGods’ floor price tank 18% post-revelation. ’Building decentralized trust’ until it’s time to withdraw trustlessly, apparently.

Closing jab: Another masterclass in ’decentralized finance’—where the only thing truly decentralized is accountability.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.Your EmailGet it!Get it!

|Square

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users