SatoshiVM

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    <p>‘Initial DEX Offering’ (IDO) launchpad Ape Terminal has been accused by an advisor to the SatoshiVM (SAVM) project of scamming “all of the IDO launches on their platform.”</p>
    <p>The claim was made on X (formerly Twitter) by ‘MacnBTC,’ who also alleged that Ape Terminal directed rewards to wallets associated with the team and is making “millions selling the winner wallets.”</p>
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       <p lang="en" dir="ltr">A person I considered a friend and ate dinner with a week ago has lied to my face, betrayed and scammed me, several <a rel="noopener noreferrer nofollow" title="IDO" href="https://thebittimes.com/tag/ido.html">IDO</a>s and the <a rel="noopener noreferrer nofollow" title="Crypto" href="https://thebittimes.com/tag/crypto.html">Crypto</a> community.@theapeterminal has scammed all of the <a rel="noopener noreferrer nofollow" title="IDO" href="https://thebittimes.com/tag/ido.html">IDO</a> launches on their platform<br><br>200,000 wallets applied to win the <a rel="noopener noreferrer nofollow" title="IDO" href="https://thebittimes.com/tag/ido.html">IDO</a>s and 10 winners got…</p>— Mac (@MacnBTC) January 24, 2024
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    <p>Other X users also attempted to analyze the distribution of rewards associated with the SAVM project and highlighted that proceeds were distributed to only 10 wallets instead of the 100 that were originally advertised.</p>
    <p>This analysis <strong>tied several of these wallets to activities linked to the Ape Terminal team</strong> and to DAO Maker, the last product of Hatu Sheikh.</p>
    <p>Other projects that have launched on <a rel="noopener noreferrer nofollow" title="Ape Terminal" href="https://thebittimes.com/tag/ape-terminal.html">Ape Terminal</a> have claimed that Hatu Sheikh is also the founder of <a rel="noopener noreferrer nofollow" title="Ape Terminal" href="https://thebittimes.com/tag/ape-terminal.html">Ape Terminal</a>. Supporting this thesis is the fact that Hatu is one of only two X accounts associated with individuals that <a rel="noopener noreferrer nofollow" title="Ape Terminal" href="https://thebittimes.com/tag/ape-terminal.html">Ape Terminal</a> follows on the platform.&nbsp;</p>
    <figure class="wp-block-image"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/95kqMaBSWrQ9XheytO6UmGUCmLx1oyCHm7ogiJ9H9Ncgy7ty6AA8-0bmyFNh-f5ZKKWOR1BO7X6h2NNGzYKL4Joj7F566KdtmtqJd9szMxoAZB6nww6JeBaaIDjT3-T3_VBCeXF5AdDA9eUXkJ5GRi0" alt>
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      Hatu Sheikh is one of two accounts associated with individuals that Ape Terminal follows on X.&nbsp;
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    <p>Ape Terminal has responded to some of these accusations, claiming that ‘MacnBTC’ is more of a founder than an advisor, that SAVM was selling significant quantities of the token, that the sale was modified while in progress at the request of MacnBTC, and further claimed it had returned the fee.&nbsp;</p>
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       <p lang="en" dir="ltr">A wallet related to the @SatoshiVM team is selling $SAVM!<br><br>Wallet"0xfdac" received 420K $SAVM($4.7M) from the @SatoshiVM team wallet.<br><br>Then transferred 189,700 $SAVM($2.12M) to 24 new wallets and has sold 124,739 $SAVM for 504 $ETH($1.24M) currently.https://t.co/byXve425jY pic.twitter.com/UgxgXGXvrl</p>— Lookonchain (@lookonchain) January 22, 2024
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    <p><em>Read more: ‘Satoshi’ X account tweets for first time in months, community notes shuts it down</em></p>
    <p>However, the communications from Ape Terminal seem to have other serious problems, including claims that it could explain the strangeness in winner wallets as a bug that tricked the point system; however, <strong>the listed page in the document provides no ‘proof’ of this bug</strong>.</p>
    <p>ZachXBT, an independent <a rel="noopener noreferrer nofollow" title="Crypto" href="https://thebittimes.com/tag/crypto.html">Crypto</a>currency analyst who works on highlighting grifts, scams, and frauds, took to X to state, “both <a rel="noopener noreferrer nofollow" title="Ape Terminal" href="https://thebittimes.com/tag/ape-terminal.html">Ape Terminal</a> and Mac are guilty of acting dishonestly toward their users/followers.”&nbsp;</p>
    <p><em>Got a tip? Send us an email or ProtonMail. For more informed news, follow us on&nbsp;X,&nbsp;</em><em>Instagram</em><em>,&nbsp;</em><em>Bluesky</em><em>, and&nbsp;</em><em>Google News</em><em>, or subscribe to our&nbsp;</em><em>YouTube</em><em>&nbsp;channel.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/satoshivm-accuses-ape-terminal-of-favoring-ape-terminal-tbt77762.html">https://thebittimes.com/satoshivm-accuses-ape-terminal-of-favoring-ape-terminal-tbt77762.html</a></p>

SatoshiVM accuses Ape Terminal of favoring Ape Terminal

TheBitTimes

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