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Wanted
AT LARGECASE TH-0029ICO Fraud
Cardinal
Real identityREDACTEDSEALED · JOHN DOE #0029
Raised $73M for a chain that never shipped a block.
Last seen
Valletta, Malta — 2 months ago
Active since
2020
Victims
31.7K
Hunters on case
176
THREAT 4/5
Modus operandi
Sold a visionary whitepaper for a "quantum-resistant L1" with a fabricated advisory board (stolen LinkedIn photos) and paid influencer hype. Raised in a token presale, shipped a broken testnet, then quietly redirected the treasury multisig to a personal wallet.
Scheme
QuantumChain ICO
Evidence collected
- 1Advisory board photos reverse-image to unrelated professionals.
- 2GitHub was a forked, renamed repo with no real commits.
- 3Treasury multisig signers were all the same person.
- 4Presale funds moved to OTC desks for cash-out.
Crime timeline
- 2021Whitepaper drop
"Quantum-resistant, 1M TPS." Big influencer push.
- 2021Presale−$73,000,000
$73M raised in 9 days.
- 2022Broken testnet
Mainnet "delayed indefinitely".
- 2023Treasury drain
Multisig funds routed to OTC desks.
Tracked wallets
0xCard1…3D110
Ethereum
Known aliases
- @quantumchain
- @cardinal_qc
#ICO#fake team#vaporware#influencer hype