On-chain Expert Probes the Ethereum Foundation's Link to the Filecoin ICO

cryptonews.com:

An on-chain investigator, known as @BoringSleuth on X (formerly Twitter), has raised questions about the origin of the popular blockchain project Filecoin (FIL) and its initial coin offering (ICO). 

In a recent report shared on X, BoringSleuth detailed that they began their investigation by mapping out wallets associated with Filecoin and observed trends in funding transactions. 

"I was mapping out Wallets, starting with the wallet that sent the most ETH sent to Filecoin, and working my way down until I was deep enough," the user wrote. 

"I began to notice trends, in both how the wallets were funded, who those wallets interacted with and in what patterns, as well as who was the owner of the wallets."

More specifically, they discovered that several wallets that were sending Ethereum (ETH) to the Filecoin ICO wallet had very long decimal numbers. 

The investigator identified a total of 1,255 transactions with these unique numerical patterns.

Out of the identified transactions, 296 wallets concluded with 937, another 228 wallets with 967, some 179 wallets with 697, and 111 wallets with 696. 

The remaining 106 transactions had distinct last three digits but shared the same long decimal numbers.

BoringSleuth argued that these patterns were orchestrated by the founders and venture capitalists (VCs) involved in the ICO to create the appearance of high interest. 

The investigator suggests that this was done to deceive investors, with the intention of dumping tokens on unsuspecting participants. 

According to BoringSleuth, such codes or patterns are used to group together the senders and their contributions.

"You see, when you want to make it look like a bunch of people are "Apeing" in to your token sale, that you and your handful of VC's