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Fraud Investigation
1/ An investigation into how crypto influencer @thecryptolark promotes low cap projects to his audience just to dump on them shortly after.
Let’s dive in.
Let’s dive in.
2/ Before I go over eight different examples let me share how I found Lark’s wallet through two different ways:
a) listed as a donation address in an old YT video from Nov 2017
b) from an NFT Lark tweeted out
Larks Wallet:
0x468cB54a3821d8b0129C42Ea6ADf12748d97fD98
a) listed as a donation address in an old YT video from Nov 2017
b) from an NFT Lark tweeted out
Larks Wallet:
0x468cB54a3821d8b0129C42Ea6ADf12748d97fD98
3/ Example 1: $UMB
a) Feb 9, 2021 at 4 pm UTC Lark receives 62.5k UMB at launch
b) Feb 9, 2021 at 8:16 pm UTC Lark makes a tweet about the launch
c) Over next few hours Lark dumps all of the 62.5k UMB for over $136k USD.
a) Feb 9, 2021 at 4 pm UTC Lark receives 62.5k UMB at launch
b) Feb 9, 2021 at 8:16 pm UTC Lark makes a tweet about the launch
c) Over next few hours Lark dumps all of the 62.5k UMB for over $136k USD.
4/ Lark tweets about the first two projects ( $DOWS $SHOPX) to launch on the Paid Network Launchpad and states “both will moon hard”
Well let’s see what happens with those!
Well let’s see what happens with those!
5/ Example 2: $DOWS
a) Mar 1, 2021 at 4:23 pm UTC Lark receives 96k tokens
b) Mar 1, 2021 at 10:42 pm UTC Lark Tweets about the project launching in 16 hours
c) At launch Lark dumps 24k DOWS for over $56k USD.
DOWS has since been abandoned by the team since Dec 2021.
a) Mar 1, 2021 at 4:23 pm UTC Lark receives 96k tokens
b) Mar 1, 2021 at 10:42 pm UTC Lark Tweets about the project launching in 16 hours
c) At launch Lark dumps 24k DOWS for over $56k USD.
DOWS has since been abandoned by the team since Dec 2021.
6/ Example 3: $SHOPX
a) Mar 31, 2021 at 3:31 pm UTC Lark receives 120k SHOPX
b) Apr 1, 2021 at 12:32 am UTC Lark Tweets about the project
c) Meanwhile Lark is in the process of dumping all his 120k SHOPX for over $435k USD (finishes on 4/2)
a) Mar 31, 2021 at 3:31 pm UTC Lark receives 120k SHOPX
b) Apr 1, 2021 at 12:32 am UTC Lark Tweets about the project
c) Meanwhile Lark is in the process of dumping all his 120k SHOPX for over $435k USD (finishes on 4/2)
7/ Example 4: $BLES
a) Mar 26, 2021 at 3:03 pm UTC Lark receives 16k BLES
b) Mar 27, 2021 at 10:09 pm UTC Lark Tweets about BLES
c) Over the next hour Lark dumps $28k USD worth of BLES
d) Over a few day period he dumps all of the 16k BLES for $103k USD
a) Mar 26, 2021 at 3:03 pm UTC Lark receives 16k BLES
b) Mar 27, 2021 at 10:09 pm UTC Lark Tweets about BLES
c) Over the next hour Lark dumps $28k USD worth of BLES
d) Over a few day period he dumps all of the 16k BLES for $103k USD
8/ Example 5: $PMON
a) 3-24-2021 one week before TGE Lark Tweets about PMON
b) 3-30-2021 the day before launch Lark includes a segment about PMON
c) 3-31-2021 at launch Lark receives 10,000 PMON
d) Over next few hours he dumps all of his PMON tokens for over $313k USD
a) 3-24-2021 one week before TGE Lark Tweets about PMON
b) 3-30-2021 the day before launch Lark includes a segment about PMON
c) 3-31-2021 at launch Lark receives 10,000 PMON
d) Over next few hours he dumps all of his PMON tokens for over $313k USD
9/ Example 6: $BMI
a) Jan 30, 2021 at 1:23 pm UTC Lark receives 20k BMI
b) Jan 30, 2021 at 9:55 pm UTC lark begins selling all of his BMI for $42k USD.
c) Jan 30, 2021 at 10:57 pm UTC he tweets out he is “super bullish” even though has already dumped his tokens by then.
a) Jan 30, 2021 at 1:23 pm UTC Lark receives 20k BMI
b) Jan 30, 2021 at 9:55 pm UTC lark begins selling all of his BMI for $42k USD.
c) Jan 30, 2021 at 10:57 pm UTC he tweets out he is “super bullish” even though has already dumped his tokens by then.
10/ On November 9, 2021 Lark Tweeted out he doubled his position in BMI.
While it is entirely possible he has an alt wallet from his main wallet it is clear he did not double his position from his main wallet.
(unfortunately can’t ask him since he blocked me months ago)
While it is entirely possible he has an alt wallet from his main wallet it is clear he did not double his position from his main wallet.
(unfortunately can’t ask him since he blocked me months ago)
11/ Example 7: $XED
a) Dec 28, 2020 Lark Tweets about XED
b) Dec 30, 2020 at 7:49 am he Tweets again about the launch later that day
c) Dec 30, 2020 at 2:09 pm UTC he receives 100k XED
d) Dec 30, 8:08 pm UTC he starts dumping all of the tokens; finishing in 1.5 hrs for $34k
a) Dec 28, 2020 Lark Tweets about XED
b) Dec 30, 2020 at 7:49 am he Tweets again about the launch later that day
c) Dec 30, 2020 at 2:09 pm UTC he receives 100k XED
d) Dec 30, 8:08 pm UTC he starts dumping all of the tokens; finishing in 1.5 hrs for $34k
12/ Example 8: $APY
Lark drops a YT video for “100x low cap gems” on Feb 12 2021 then proceeds to dump his tokens that same day.
While there are many more Polkastarter & Paid Network Launchpad projects he’s shilled I think it’s pretty clear what is going on here.
Lark drops a YT video for “100x low cap gems” on Feb 12 2021 then proceeds to dump his tokens that same day.
While there are many more Polkastarter & Paid Network Launchpad projects he’s shilled I think it’s pretty clear what is going on here.
13/ A common theme you’ll find between launchpad projects is awful tokenomics which is why a ton went to zero before the bear market even began. Also no decent VCs really ever touch them.
14/ Participating in seed rounds & sharing projects you genuinely like is completely fine as long as it’s done in a transparent manner.
This is not the case as Lark has a pattern of dumping his discounted launchpad bags right after shills across YT, Twitter, & newsletter.
This is not the case as Lark has a pattern of dumping his discounted launchpad bags right after shills across YT, Twitter, & newsletter.
15/ Lark claims he doesn’t get paid but ask yourself what value might he possibly add to these launchpad projects besides shilling it to his followers?
His compensation is being able to get large allocations for projects with awful tokenomics that he can dump in a shady manner.
His compensation is being able to get large allocations for projects with awful tokenomics that he can dump in a shady manner.
16/ Collectively between the 8 examples shared that’s already $1.2m+ of low caps dumped and for many of the projects it was just the first unlock.
Between all the YouTubers I’ve dug into this is easily one of the more egregious instances of dumping on followers I’ve seen.
Between all the YouTubers I’ve dug into this is easily one of the more egregious instances of dumping on followers I’ve seen.
If you find my research insightful please consider donating to my ENS, Gitcoin, or sharing the thread.
zachxbt.eth
0x9D727911B54C455B0071A7B682FcF4Bc444B5596
gitcoin.co
zachxbt.eth
0x9D727911B54C455B0071A7B682FcF4Bc444B5596
gitcoin.co
Update: Lark responded so let’s address his defense. I’ll post the screenshots since many of you are blocked too.
He claims it’s nowhere near enough to effect price when he is dumping 6 figures of tokens on a micro cap after aggressively shilling?
He claims it’s nowhere near enough to effect price when he is dumping 6 figures of tokens on a micro cap after aggressively shilling?
He says he purchased them the same way you would too when he got huge allocations and all of these projects had scammy vesting and were acquired at a price way lower than public allocations.
Nowhere in my post for the examples does he disclose
Nowhere in my post for the examples does he disclose
He talks about all the coins here and is funny since he always hyped the coin up before launch then sold immediately.
Of course the coin pumps on listing when the price starts at like $100k initial market cap.
He claims to like these projects yet dumps instantly after shilling
Of course the coin pumps on listing when the price starts at like $100k initial market cap.
He claims to like these projects yet dumps instantly after shilling
He acts like normal ppl get into these sales when in reality so few do
He blames the APY sale on another YouTuber/team failing yet made a 100x video then?
Its hilarious he blames the bear market for my post when these projects went to zero months before the bear market began
He blames the APY sale on another YouTuber/team failing yet made a 100x video then?
Its hilarious he blames the bear market for my post when these projects went to zero months before the bear market began
It’s a bit disingenuous to say these are “ridiculous allegations” when they’re actions taken from a wallet you own and Tweets & videos made by yourself.
Please stop looking for guidance from crypto influencers who only wish to exploit you for their financial gain.
Please stop looking for guidance from crypto influencers who only wish to exploit you for their financial gain.
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