{"id":79589,"date":"2023-06-01T13:19:57","date_gmt":"2023-06-01T10:19:57","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=79589"},"modified":"2025-09-11T11:55:05","modified_gmt":"2025-09-11T08:55:05","slug":"notlarvalabs-founder-takes-1-1m-in-exchange-for-nothing","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/notlarvalabs-founder-takes-1-1m-in-exchange-for-nothing\/","title":{"rendered":"NotLarvaLabs founder takes $1.1m in exchange for &#8216;nothing&#8217;"},"content":{"rendered":"<p>\\n<\/p>\n<p>Users sent more than $1.1 million in Ethereum and other crypto assets to the NotLarvaLabs founder&#8217;s wallet under the alias Pauly in exchange for &#8216;nothing&#8217;.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">There is nothing for sale. I cannot reiterate this enough.<\/p>\n<p>People simply choose to send tokens to:<\/p>\n<p>YouGetNothing.eth<\/p>\n<p>Or they choose not to. <a href=\\\"https:\/\/t.co\/bR2KxwpQjH\\\">pic.twitter.com\/bR2KxwpQjH<\/a><\/p>\n<p>\u2014 PAULY (@Pauly0x) <a href=\\\"https:\/\/twitter.com\/Pauly0x\/status\/1663802092702642176?ref_src=twsrc%5Etfw\\\">May 31, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cThere is nothing for sale. I cannot reiterate this enough. People simply choose to send tokens to yougetnothing.eth,\u201d he said.<\/p>\n<\/blockquote>\n<p>\\n\\n\\n\\n<\/p>\n<p>The strange initiative appeared on May 30. Since then, enthusiasts have continued sending assets to the address <a href=\\\"https:\/\/etherscan.io\/address\/0x8DFD4f307B6011D4CB21007FD5658f0686523938\\\">yougetnothing.eth<\/a>. Pauly personally stated that users would receive nothing in return.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>According to Arkham Intelligence, more than 1,000 transfers have been sent to the wallet. The largest transaction was by user Maverick_time \u2014 10.05 ETH (~$19,150).<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">A visualization of the wallet shows over 1000 transfers, with the largest known wallet coming in at $13K from \u00abMaverick_time\u00bb on OpenSea. <a href=\\\"https:\/\/t.co\/zHKjZO4rmu\\\">pic.twitter.com\/zHKjZO4rmu<\/a><\/p>\n<p>\u2014 Arkham (@ArkhamIntel) <a href=\\\"https:\/\/twitter.com\/ArkhamIntel\/status\/1663834332837085184?ref_src=twsrc%5Etfw\\\">May 31, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n\\n\\n\\n<\/p>\n<p>A day later, Pauly reiterated that he has no intention of selling anything or creating another coin. He said that &#8216;people simply decide&#8217; to send funds to his address.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">I\u2019m not sure if you have realized this or not.<\/p>\n<p>But the entire crypto industry is an absolute joke.<\/p>\n<p>It\u2019s a mockery.<\/p>\n<p>If there is anything you learn from following this account, I hope it\u2019s that you should never take any of these literal ASSCLOWNS seriously.<\/p>\n<p>\u2014 PAULY (@Pauly0x) <a href=\\\"https:\/\/twitter.com\/Pauly0x\/status\/1663759134586445826?ref_src=twsrc%5Etfw\\\">May 31, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cI\u2019m not sure if you have realized this or not. The entire crypto industry is an absolute joke. It\u2019s a mockery. If there is anything you learn from following this account, I hope it\u2019s that you should never take any of these literal ASSCLOWNS seriously,\u201d<\/p>\n<\/blockquote>\n<p>\\n\\n\\n\\n<\/p>\n<p>Probably, it was a kind of performance lampooning meme tokens and the people who beg for money to create them.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Recently a Twitter user under the handle ben.eth, in collaboration with crypto blogger Ben Armstrong from the BitBoy Crypto channel, initiated a fundraising drive to create three coins.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>The founders of the &#8216;project&#8217; say that the assets will be useful in the meme-cryptocurrency space. They promised &#8216;investors&#8217; distinctive dividends once the required sum is raised.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\"><a href=\\\"https:\/\/twitter.com\/search?q=%24BEN&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$BEN<\/a> <a href=\\\"https:\/\/twitter.com\/search?q=%24LOYAL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$LOYAL<\/a> <a href=\\\"https:\/\/twitter.com\/search?q=%24PSYOP&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$PSYOP<\/a> Announcements<\/p>\n<p>1. <a href=\\\"https:\/\/twitter.com\/search?q=%24LOYAL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$LOYAL<\/a> is the token of a new DEX\/Memecoin Launchpad named PsyDex<br \/>2. As a Uniswap competitor, it will bring back the spirit of Deventralization to the DEX game<br \/>3. <a href=\\\"https:\/\/twitter.com\/search?q=%24PSYOP&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$PSYOP<\/a> holders will benefit \u2014 that\u2019s <a href=\\\"https:\/\/twitter.com\/eth_ben?ref_src=twsrc%5Etfw\\\">@eth_ben<\/a>\u2019s to explain<br \/>4. <a href=\\\"https:\/\/twitter.com\/search?q=%24BEN&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$BEN<\/a> details \u2b07\ufe0f<\/p>\n<p>\u2014 Ben Armstrong (@Bitboy_Crypto) <a href=\\\"https:\/\/twitter.com\/Bitboy_Crypto\/status\/1663378081212518402?ref_src=twsrc%5Etfw\\\">May 30, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n\\n\\n\\n<\/p>\n<p>According to on-chain researcher ZachXBT, 112 people collectively sent him 21.3 ETH (~$39,500) from centralized exchanges, so they will not receive any coins in return for technical reasons. He also noted that ben.eth retweeted posts with phishing.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">For the latest ben.eth presale 112 people have now sent 21.3 ETH ($39.5k) in total from their exchange accounts.<\/p>\n<p>Not sure how these on-chain clowns expect to receive their tokens.<\/p>\n<p>\u2014 ZachXBT (@zachxbt) <a href=\\\"https:\/\/twitter.com\/zachxbt\/status\/1662896611679166464?ref_src=twsrc%5Etfw\\\">May 28, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n\\n\\n\\n<\/p>\n<p>Earlier in May, users <a href=\"https:\/\/forklog.com\/en\/news\/users-flood-justin-suns-wallet-with-meme-tokens\">began sending<\/a> numerous meme tokens to the wallet of the Tron founder Justin Sun. This happened after he <a href=\"https:\/\/forklog.com\/en\/news\/users-flood-justin-suns-wallet-with-meme-tokens\">stated<\/a> that he intended to &#8216;actively trade&#8217; such coins.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Users sent more than $1.1 million in Ethereum and other assets to NotLarvaLabs founder Pauly&#8217;s wallet in exchange for &#8216;nothing&#8217;.<\/p>\n","protected":false},"author":1,"featured_media":79590,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1782,1161],"class_list":["post-79589","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-incident","tag-memes"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/79589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=79589"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/79589\/revisions"}],"predecessor-version":[{"id":79591,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/79589\/revisions\/79591"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/79590"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=79589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=79589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=79589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}