/biz/ - Business & Finance

Andre Cronje, founder of Yearn Finance, hyped a surprise launch.

Eminence Finance contracts were deployed by the Yearn Finance deployer, and Andre tweeted and retweeted as liquidity flowed in.

PLESE I AM INNOCNET LEAVE ME ALONE

Lmao.sure bro just let me send you more money. Fucking retard scammer.

>>23175536
>just thurst me bro

Kirby, head of communications at Yearn Finance, was promoting the contracts even giving instructions on how to mint and buy.

>>23175592
Kirby = Benjamin Hebert

Banteg, the Yearn Finance developer, was selling tokens bought from the contract to Uniswap right until the contracts were hacked.

The hacker drained the entire $15 million that had been locked up in liquidity by using a flash loan exploit. The hacker then returned $8 million to Andre, and was misappropriated.

Andre tweeted, after the hack, that neither Eminence’s contracts nor ecosystem are final, and that he wasn’t planning on releasing the project for at least another three weeks.

If EMN was a test, it had zero value as a token.

Yet Andre watched as $15 million poured in without a word.

But kept hyping the project by retweeting.
Why didn’t he at least warn the Yearn Finance team that they were buying and selling a worthless test token?

If developers from any other team started hyping and selling a test token, they would be accused of fraud and the entire team would lose legitimacy.

At best, this was a viral launch gone bad, at worst, it was a rugpull.

>>23175536
>A timeline of events in the EMN scandal
>OP goes all in, in a shit-token running on a preliminary bugged/vulnerable version of a solidity defi-meme-shit-contract
>OP get rekt
ACCURATE
OP, consider the following
KYS

Faggot OP didn’t get the memo fud time is over and YFI is bull again

>>23175536
shhh the Andre is sleeping

>>23176009
that's not what the chart says.
start accumulating again around 10.5.

>>23176009
stfu it’s tanking again
crypto vigilantes better step up and hurt someone, otherwise talk is cheap
hang em all...the rugpullers, the bree devs
disembowel

>>23176108
It costs money which most bagholder won't put out and you need a venue to hire people like somewhere on the darknet, which most probably won't host or escrow. Then you hope that whoever takes the job knows what the fuck they are doing and actually pull through. Also you need to doxx them properly first which takes weeks or months.

Not to mention law enforcement or press getting a whiff of this.

>>23175536
You guys are fucking idiots who threw money at something cuz it had Andre's name on it

Hopefully you learned your lesson not to trust anyone in this space, but I doubt it

>>23175981
>>23176009
Found the scammers. Hope your VPN game is strong. Kek.

>>23176435
Another scammer supporter. Keep coming guys. Only warning.

Ok, I just realized something. But maybe I'm brainlet.

Andre deployed this EMN contract or whatever. And he claims no one was supposed to know about it, no one should've been buying the tokens, etc.

So, how were the tokens available in the first place? Who was providing the liquidity?

??????

>>23175536
>The BlueKirby effect: people dumb enough to set their money on fire are also too dumb to recognize that the loss of that money is their own fault.

>>23177013
To be clear what I'm saying is, who ws providing the initial liquidity? People discovered Andre's "secret EMN coin" and then went to Uniswap to buy it and there were already (((people))) there providing liquidity? What the kek?

>>23177023
>>23176435
Keep seething you are all going to jail for fraud faggots.
>>23177080
The team orchestrated everything. They received 8 fucking million dollars from the "hacker" and on top of everything kept a chunk of this because refunds were partial, and even had the chutzpah to ask people for tips for returning their stolen funds.

>>23177080
Marc Zeller provided liquidity first. You could mint EMN by interacting with it on etherscan. Then individuals could go make a market on uni.

>>23177080
contract was a token bonding curve. you send it ETH and it gives you EMN

>>23176970
what a fucking retard, just buy and hold btc like the rest of smart bizraelis, because that's exactly what you should be doing instead of gambling your entire networth on some meme contract and getting rug pulled
you totally deserve it, learn the lesson idiot
sats is all that matters

>>23177023
If you participated in this, you are unironically going to jail. 4chan can hand over your IP and your VPN provider can track you. It's over. Neck yourself.

>>23177492
Oooh, I can smell your fear. I await the moment niggers buttfuck you with no lube in jail. See ya.

>>23177540
take your pills anon, you are in full delirium mode

>>23177554
You can get a good lawyer, but it doesn't matter really. ;)

>>23175536
>put all my money in to something that i dont understand because some fags on twitter told me to
>lose my money

NOOOOO THIS IS NOT MY FALT
WHY WOULD THE GOVENENTO ALLOW THIS TO HAPPEN

>>23177644
Keep coping, scammer. Actually, keep replying to this thread. More info, the better.

Notice how just a few days ago these threads were completely full of anons like this
>>23177644
>>23177554
calling us losers and acting as if Andre kirby & co did nothing wrong? Every time a thread was made about EMN they would come out and say crap like "defi isnt for you its all your fault" and act as if the "hack" was totally normal and expected because "its defi!". How funny now that andre went quiet and kirby deleted his tweeter they have changed their tune and threads arent as full of posts defending them. You are all going to fucking jail you pieces of shit who's laughing now

>>23177691
Of course, they hired some pajeets to simp for Andre and his scamming team. But they didn't know what they got into. This is larger than some twitter shilling. Tick tock tick tock.

If we buy this right now do you think we can migrate to the new contract?

>>23177745
The conspiracy is irrelevant. You stupid assholes send your Rupees willy nilly in your desperation to escape Mumbai and deserve to stay poor.

>>23177691
I unironicaly hope the scammer took all your money
If he blows it on coke he will put it to better use then you ever could

desu, it wouldn't surprise me one bit if 6 months from now Andre is arrested for fraud. it takes the SEC a while to build a case, so it's not happening overnight.....but its certainly possible. hope it does happen. McAfee finally got bagged for 2017 pnds. just cause Andre's free today doesn't mean he's safe tomorrow

>>23177780
Based

>>23177780
Tick tock, tick tock. I smell your fear, scammer.

>>23177805
Ohh finally changed to mobile now, huh. Tick tock, tick tock.

>>23177829
That is the sound your village alarm clock makes because you're not into digital yet.

>>23177691
>Every time a thread was made about EMN they would come out and say crap like "defi isnt for you its all your fault" and act as if the "hack" was totally normal and expected because "its defi!"
anon, 60% of projects on uniswap did a rug pull, so yes, this is fucking expected, can you use a fucking calc and do some statistics?
this is obviously not normal, but TOTALLY EXPECTED with this kind of statistics
do you understand that every *.finance project is a scam, and when it's legit is highly risky because a single bug in the solidity contract could results in a fucking clusterfucked meltdown?
there is a reason why i stay far from shitcoins and i keep warning people to avoid (and i still do it, every day on biz):
-defi memes
-vegetables token
-wrapped coins like wbtc or renbtc (BOTH ARE SCAMS, AND WHEN PEOPLE WILL LOSE MONEY I WILL DUB ON THEM, AND TELL THEM THAT THEY ARE COMPLETE IDIOTS FOR GIVING AWAY THEIR BTC PRIVATE KEY IN EXCHANGE OF AN ERC20 SHITTOKEN), tbtc was hacked in 48h...
-useless layer ones that nobody needs
-obvious pajeet scams running every week like core or luigi.finance etc.
it is not my fault if you are a retard and buy into these stuff
i keep telling you to just buy btc, hold it, move your funds offline, and keep your private key safe, but you really don't want to listen

>>23177996
>that fucking wall of text
>to ignore that this wasnt a food coin rugpull by anonymous chink or pajeet team but a multimillion dollar scam by one of the most popular developers in defi who is a public figure

I bet you felt smart while typing up all that shit huh

>>23177517
>"These are serious allegations sir, please tell us which product or service you thought you were buying when you were defrauded."
>"I didn't know what I was buying officer, but I was entitled to a successful investment!!!"

>>23178035
>to ignore that this wasnt a food coin rugpull by anonymous chink or pajeet team but a multimillion dollar scam by one of the most popular developers in defi who is a public figure
i will be more than happy as you if that andre faggot ends up in jail with niggermex and mcafee
but trusting a non-audited solidity contract to hold your entire networth is fucking retarded no matter what, if you do that, you have to expect that something could go wrong, really wrong, do you understand this simple, basic, verifiable fact or not?
i'm not touching any defi project for at least the next 2/3 years
so many people will get burned trying to catch gems too soon, too early, with too many risks
anon this is not a joke, it's your money, can you be a bit more careful?
really, just fucking market buy btc and hold, it's 12 years out there, everybody tried to hack it, so it's proven to be safe, that's basically the only coin you can trust (because it's trustless)

>>23177443
oh alright I see, so it's not as fishy as I thought

Is this tg drama leaking into /biz/ again?

jesus christ, people are so fucking dumb
first they convert their btc to centralized scams like wbtc, because
>muh apr
then when wbtc team fake their death in a helicopter accident and run away in some shithole with fake passports and 1 billion worth of BTC, everybody will be crying and whining again
>mommyyyy where is my moneeey
DO YOU PEOPLE FUCKING UNDERSTAND THE BASICS OF CRYPTO OR NOT?

>>23178149
Ok.

does anyone know andre's public wallet address?

i heard he used his public address to invest a few hundred dollars in EMN, and claimed a $50,000+ DAI refund

and most people only got 25-30% back

>>23177599
>>23177691
LMAOOOOOOO THESE FAGGOTS ARE SO BUTTHURT AHAHAHAHAHAHAHAH GET RUG PULLED FUCKING INBRED RETARDS THATS WHAT YOU GET FOR BEING A SHITCOINER

SHITCOINERS DESERVE ABSOLUTE FINANCIAL RUIN. THE FUNNIEST PART IS THAT MOST OF THESE RUG PULL SCAMMERS LIVE IN THIRD WORLD SHITHOLES AND YOU WILL NEVER EVER GET TO THEM. COPE RETARD YOUR MONEY IS GONE

>>23177599
>>23177691
>he thinks his name is andre cronge
>he thinks they are still in america
>he thinks they will ever face justice for scamming morons on an unregulated market
Get fucked retards kek

>>23178292
I would like to know this too

I think this is the biggest cope I've ever seen in crypto. Not even Confido fags got this upset.

>>23178389
>SHITCOINERS DESERVE ABSOLUTE FINANCIAL RUIN
this, i mean...
>>23173858
seriously, what the fuck do you expect?

>>23178389
Ok.

>>23176882
>noooooooooo core is not a scam
>core is a legit project
two days after dev team rug pulls magically happens
>biz faggots crying and whining again
for fuck's sake, have some respect for yourself

again
>>23175708
do you start seeing a pattern?

>>23177517
Unironically, I'm not part of the YFI team or anything I bought some on Coinbase, but if lawyers get involved telling them to neck themselves is a bad idea even if they are found guilty of some kind of conspiracy to commit fraud.

>>23178513
>>23178705
>>23178730

Wow you have convinced me. Its over guys just let it go. Leave andre and kirby alone. Stop making these threads and spreading the word. We must take personal responsibility and acknowledge it is 100% pur fault. Andre did nothing wrong. Kirby is innocent. We have learned a valuable lesson. We must accept the consequences of our actions and leave them alone so they can enjoy the millions of dollars they made off this space in peace. Its over, just forget it ever happened and go to sleep

disclaimer: i will dub on every single retard who is buying into this
>>23177855
>>23175063
>>23178348
>>23178557
>>23176826
>>23176649
>>23178392
>>23178238
>>23178781

>>23178785

>>23178785
look, i'm just telling you to be more responsible with your money
do you understand?
i honestly hope you succeed going after andre and bring him to jail, but whining on biz is not going to solve anything and the more you post here the more people will dub on you for your reckless actions

>>23176970
>>23177226
>Tell you faggots to trust no one
>"S-scammer!"
I mean, I guess at least you're listening to me

This shit isn't actually serious. It's all a scam by some biztard to get free ETH.

andre the sec is coming.

>>23175536
the best think is that nobody will ever go to jail for this
they took the money of degen and run, for good

they gonna wash the trail tornado.cash
and prob wash the money with art NFTs

there is nothing you poor degens can do
andre is gonna claim it was a test contract and its not his fault you retards put your money in it
bluekirby and the team are going to claim that they thought its a secret lunch (like yearn)

>>23177670
>>23177691
and you retards are gonna stay poor just like god wanted you to stay poor

>>23179171
I honestly think this is the reality.

>>23175669
>At best, this was a viral launch gone bad, at worst, it was a rugpull.

>>23177691
>calling us losers and acting as if Andre kirby & co did nothing wrong?
they misrepresent things by accusing us of losing money on their absolute scam vaporware projects

I never spent a single red penny on these obvious scams since I'm not a smoothbrain

>>23179727
>the best think is that nobody will ever go to jail for this
lol:
https://cointelegraph.com/news/bitmex-founder-and-ex-cto-out-on-5m-bail-bond-until-court-appearance

>see you in kleros court

Imagine living in constant fear of getting shot in the head whenever you're out in public. Scammers reap what they sow