Disclaimer: Before we begin, I want to clarify that this post is not born out of any dissatisfaction regarding my potential grantor position. This information, along with the evidence presented, has been shared internally with Reverie and the dYdX Foundation prior to the commencement of the selection process.
This topic will be an in-depth exploration divided into two insightful parts.
Allegations have emerged, surrounding Alexios for concealing his ownership of the Cryptohondos project while serving as a trustee in the DGP grants multisig wallet. This post unveils several concerns, seeming inaccurate information, potential conflicts of interest, and actions that upon this initial investigation I perceive to be potentially fraudulent involving grants and funds
In this section, we delve into the description of the allegations that have come to light, highlighting the intricacies that need to be explored more deeply to ensure a fair and level playing field for all members involved in line with the ethos of the community.
Turning our attention to the second part, we’ll meticulously present the concrete findings that substantiates the claims made in Part 1.
As observed on Discord today, I raised some concerns surrounding @Alexios. Given his prominent role within the Cryptohondos project whereby he also holds a trustee position in the DGP grants multisig wallet, he is privy to very sensitive information, of which some seems to have been withheld.
To understand the importance of the situation, let’s journey back to 2022, during the sixth round of the DGP grant program. Funding was allocated to two distinct projects:
dYdX Grant: Grants Community Manager (Greece) - A 10k grant was bestowed upon Alexios as the Grants Community Manager for Greece.
dYdX Grant: Newsletter, Twitter Campaigns, Education Content in Greek - A substantial 20k grant was awarded to a project dubbed Cryptohondos.
Here’s a snippet from Alexios’ grant:
While these grants were intended to function independently, they were expected to collaborate. Each grantee was required to undergo an interview process with Reverie, the overseeing body. The process of interview and selection was rigorous, but concerning matters related to Cryptohondos, Alexios seemingly provided inaccurate information.
An interesting note: during the ambassador program, user MoMo flagged @carlbergman regarding Cryptohondos’ use of content that did not seem authentic on their website. Though Carl assured action, the opportunity to catch potential issues was missed.
With the passage of time, Alexios garnered Reverie’s trust, actively participating in screening grant applications. Eventually, he was offered a coveted position within the grants multisig. His inclusion came after the approval of the DGP 1.5 program. Below is the transaction adding Alexios to the multisig: Ethereum Transaction Hash (Txhash) Details
Yet, it seems that Alexios concealed some potential conflicts of interest, which would end up breaching ethical and legal boundaries.
On December 1, 2022, a transfer of 9015 dydx tokens (equivalent to around $16,700 USD) occurred. The tokens were moved from the grant program wallet to the address 0xD4AaF399649F90a9878a8A147A2486D209593eC1, a wallet tied to Cryptohondos. Alexios signed this transaction, allegedly funneling funds to himself without community knowledge or Reverie’s consent.
Furthermore, a woman identified as MaryVal, featured on the program’s website, was a grant recipient who upon further investigation seemed to be closely related to Alexios. Further investigation revealed her as Mary *** (whether she’s Alexios’ wife or sister remains unknown). Alexios signed three money transfers from the grant program to this individual: on November 10, 2022; December 15, 2022; and August 4, 2023. Although this case is less problematic due to legitimate application, but the lack of transparency with the community raises questions.
When Reverie announced an offer to extend the grant program and hire an additional grantor to assist Alexios, I, as a prospective candidate for the position, embarked on a journey to understand the experiences of previous grants. It was during this endeavor that I uncovered the relationship between Alexios and Cryptohondos. Next I shall meticulously present the overwhelming evidence that strives to solidify the connection between Alexios and Cryptohondos.
Disclaimer: Before we delve into the findings, it’s essential to note that I am not associated with any three-letter agency, and I do not have access to confidential materials. All evidence presented here has been sourced exclusively from open and publicly available information. Independent verification of these facts is encouraged.
1. Domain Name Connection
CryptoHondos.com WHOIS, DNS, & Domain Info
The domain name cryptohondos.com was registered precisely at the moment when the grant for the Cryptohondos project was approved on March 14, 2022.
2. Onchain Wallet Linkage
In this segment of the evidence, we establish a connection between Alexios’ wallets and the Cryptohondos wallet. Although seemingly mundane, this connection is crucial.
Finding Accounts Controlled by Alexios:
Alexios (0x13F) main account frequently interacts with 0x8Ae wallet
Alexios (0x8Ae) funded 0x833.
0xc78 funded Alexios (0x8Ae).
Alexios (0xc78) sent ETH to 0x833 and 0x696.
Alexios (0x696) sent tokens to Alexios (0x13F).
Alexios (0x833) sent multiple transactions to Alexios (0x696).
Binance Account Connections
Alexios (0x13F) main account engaged in 4 transactions with 0x30F Binance deposit.
Alexios (0xc78) deposited to 0x30F Binance Deposit.
Alexios (0x696) sent 3 transactions to the same Binance Deposit (0x30F) as Alexios (0xc78).
0x833 made 2 deposits to Binance deposit 0x30F. The first deposit was from Alexios’ main account (0x13F). But will be back to this a little later
Huobi and FTX Connections
Alexios’ main, 0x696, and 0x833 all deposited to the same Huobi Deposit (0x8cF).
0x833 and 0x8Ae used the same FTX deposit (0x9C1).
Here is the list of wallets controled by Alexios
- Alexios main 0x13Fb07C0e9B5d63Ec38AE1Fa9221c3c911193646
- Alexios (0xc78) 0xc7813581Fd04f879240E905d1f9fE26Df39119d4
- Alexios (0x833) 0x833741fb87b6D2eeCD3923b405915C49c0A16B13
- Alexios (0x696) 0x6963Bd7fA7085B2aB14e42C9Edd12a82c164e90B
- Alexios (0x8Ae) 0x8Ae7A1a3bCc3A21821D085F8651c091027423b77
- Alexios (0xD21) 0xD219586EbB67c6aC8aAC55e4e1F161292dDeaC68
- Alexios (0xe35) 0xe35905c22AeeEAb8F7A09Dc2f434BA789552c7b5
- Alexios Binance Account Deposit: 0x30FD8337462b7984970F8A3c7d8fAadbA79EA2D2
Alexios sent 18k in 2 transactions from his main wallet to Cryptohondos.
Alexios sent 14.453k from (0xD21).
Direct transactions between Alexios’ accounts and Cryptohondos look like this:
3. Binance Deposit and Twitter Connections
Cryptohondos Twitter Account:
A deposit to Binance account on January 9, 2021, by the Cryptohondos suggests the person behind Cryptohondos. And its Alexios. This is the first deposit to Binance account
Ethereum Transaction Details
Additionally, “Cryptohondos” wallet have never deposited to Binance.
Rare SaTT tokens in Alexios’ Main wallet, coinciding with the tweet content, strengthen the connection.
There are only 108 holders of this token and Alexios Main wallet is one of them
These deposits from Alexios’ wallets to Binance corroborate connections:
Withdrawals from Binance to Cryptohondos wallet:
Notably, these sums are almost identical, with a mere 10-minute difference.
- All Alexios’ accounts and Cryptohondos account received payments from the Ethermine pool.
- Snapshot votes indicate synchronized actions between Alexios Main and Cryptohondos in key votes.
Alexios Thu Jun 01 2023 20:05:01 GMT+0000 Yes
Cryptohondos Thu Jun 01 2023 20:07:40 GMT+0000 Yes
DRC - Shifting from LP rewards toward market maker rebatesDRC - Shifting from LP rewards toward market maker rebates
Alexios Wed Jul 19 2023 15:49:35 GMT+0000 Yes
CryptoHondos Wed Jul 19 2023 15:54:46 GMT+0000 Yes
Thank you for reading through my extensive findings. Following this detailed analysis, I will leave it up to the reader to formulate his own opinion on the connection between Alexios and Cryptohondos.
Please appreciate that countless hours have gone into gathering and presenting this evidence, that ultimately is intended to be of benefit to the community as a whole.