Meet Hirokado Kohji A japanese investor and former founding member of Cardano He lost $38.2m on Celsius in 2022 and has since then tried to make it all back by launching scams and extracting from the crypto ecosystem SCAM 1: Tomi • He founded @tomipioneers in Q1 2023, raised $40m for tomi in 2023, and launched the token in 2023 Total Supply of the token at launch: 58m Token price on the day of launch: $7 FDV on the day of launch: $400m Total Supply of the token today: 1.1B Token price today: $0.0026 FDV today: $2.9m What happened? from the tokenomics, coincarp.com/currencies/tomi… we can deduce that %85+ of the token supply was allocated to the team behind the project (Kohji) Kohji did not only dump most of the token supply that he controlled, he also minted 1b+ tokens and claimed it was all for “the team’s monthly budget” at every new mint, he transfers all the tokens to various addresses which then ends up depositing the tokens to cexs such as @Bybit_Official @okx @kucoincom few of the txs etherscan.io/token/0x4385328… etherscan.io/token/0x4385328… so my question: was the $40m seed raise not enough to cover the team’s monthly expenses? or just maybe the $40m seed raise was a lie orchestrated by Kohji and @DWFLabs since DWF is a ‘major investor’ behind tomi TlDr of what happened > Retail saw high funding and a known vc backing the project > Retail bought the token > Tomi team (Kohji) minted ~20x the total supply at the time (2023) and dumped all on retail buyers > Price crashed %99 8 figs was made off this project btw just %1.7 supply was allocated to the community SCAM 2: Dop • He founded @dop_org in 2023, launched a public presale for Dop at a price of $0.08 $0.08 x 23 billion total supply = $1.8b FDV the total supply wasn’t initially disclosed which made a lot of folks assume a 1b supply and that would mean $0.08 x 1b tokens = $80m FDV lots of people participated in the presale cause it seemed like a massive discount at the time (btw dop also claimed to have sold multiple figs worth of dop tokens in a private seed round at $0.08) on the day of TGE, the total supply was disclosed to be 23 billion and the token was listed %50 below the public presale price (at $0.035) FDV on the day of TGE (2024): $800m FDV today: $9m the total supply remains the same from the tokenomics, img.cryptorank.io/coins/ico-… we can deduce that %92+ of dop supply was allocated to the team and he’s been dumping right from day one of TGE using the same cexs @Bybit_Official @kucoincom @okx and uniswap dex to avoid getting caught, he also made use of the bulk sender tool multiple times btw wintermute appears to be the market maker behind dop. (All proofs are available onchain) His new project (SCAM 3) is @Incentiv_net Best to avoid it! It’s another grift by him @Bybit_Official @kucoincom @okx have all helped Kohji grift 8 figs from each project he creates (they basically list the tokens without doing DD, and they watch him mint and dump more tokens lol) I really hope @benbybit doesn’t allow him grift another 8 figs using the @Incentiv_net project Cexs need to start protecting their users btw kohji doesn’t a disclosed social media account not surprised at all considering the amount of frauds he does