Exec at Composable Finance allegedly doxed as convicted fraudster Omar Zaki
Late Friday afternoon, decentralized finance, or DeFi, investigator @zachxbt printed a collection of tweets accusing fraudster Omar Zaki of hiding behind the facade of 0xbrainjar, the nameless head of product at Composable Finance.
From final November to this February, Composable Finance raised over $167 million by means of seed funding, in addition to crowdloan auctions on the Polkadot (DOT) and Kusama (KSM) parachains. Over 9,000 members contributed to the DOT crowdloan alone.
As advised by zachxbt, who cited paperwork from the U.S. Securities and Alternate Fee, or SEC, Omar Zaki, then a 21-year-old New York resident and graduate of Yale College with a bachelor diploma in physics and economics, was charged with fraud after deceptive buyers whereas working an unregistered hedge fund, leading to a civil penalty of $25,000. As well as, Two crypto initiatives allegedly run by Zaki, Warp Finance, and Pressure DAO allegedly suffered hacks leading to $8.367 million in misplaced funds — a few of which was partially recovered.
1/ I’ve discovered there may be one other fraudster within the combine behind a number of initiatives within the area. This time being @0xbrainjar aka Omar Zaki pic.twitter.com/okCgzoO1Rz
— zachxbt (@zachxbt) February 18, 2022
The DeFi investigator allegedly linked the 2 identities collectively by first making a burner Telegram to message each Zaki’s private & Anon account, the place each messages had been “learn on the identical precise time.” Then, zachxbt reached out to people who “confirmed the anon id hyperlink to Yale + physics/Econ background.” Lastly, a telephone quantity was claimed by zachxbt to be linked to the developer’s identify, however it’s unclear the way it connects Zaki’s id with 0xbrainjar.
zachxbt is famend within the blockchain neighborhood for his sleuthing abilities in unmasking the historical past behind nameless devs of DeFi initiatives. Final month, the DeFi sleuth accurately uncovered that the co-founder of defunct trade QuadrigaCX, Michael Patryn, held the place of chief monetary officer at Wonderland. Just some days later, the Avalanche-based reserve forex shut down after destructive publicity surrounding the unmasking brought about a pointy divide in the neighborhood.
This story is growing and will likely be up to date as extra particulars emerge.