Allegations by Crypto Detective ZachXBT
Crypto detective ZachXBT claimed in a statement today that a cryptocurrency project transferred funds it had raised to a prediction market platform. According to ZachXBT, Trove (TROVE) fundraising accounts transferred $45,000 worth of SOL assets to the prediction market platform after transferring the assets between several accounts.
Trove's Recent Announcement and ZachXBT's Observations
Two days ago, Trove announced that initial coin offering (ICO) participants could claim TROVE tokens by connecting their Solana wallets. ZachXBT noted that a portion of the funds raised on January 11th were transferred directly to the prediction markets.
Trove Developers' Response
A response regarding the matter came from the Trove developers, specifically from the anonymous account “unwise.” The developer claimed that these funds were transferred to an influencer using the TJR account for advertising purposes, and that the influencer was the one who moved the funds to the prediction market.
ZachXBT's Counterargument
It appears that the influencer account promoted the Trove project once without previously disclosing that it was an advertisement. ZachXBT argued that this response from the developer implies an admission that influencers were being used to advertise the project without providing the necessary privacy information.
Project Status
Trove is not yet traded on spot markets.