In a recent disclosure, Derivatives Monke, a prominent figure in the cryptocurrency community, exposed alleged corruption involving Sebastien, the Head of DeFi at zkSync, a Layer-2 scaling solution for Ethereum. Derivatives Monke shared a screenshot of a conversation with Sebastien, also known as Seb, revealing the latter’s offer of “extra zkSync tokens” and the reservation of some for a “friend joining the multisig.”
The tweet suggests that Seb engaged in spreading Fear, Uncertainty, and Doubt (FUD) before the launch of Syncus_Fi, a treasury-backed DeFi protocol focused on the new economic system on zkSync. The official announcement clarified that the Initial DEX Offering (IDO) aimed to secure liquidity for the token and initiate the treasury, enabling the staking/bonding and unbonding mechanic to function.
The announcement outlined that 15% of the total SYNC tokens were designated for the IDO, which commenced on November 25 at 2 pm (EST) for a brief five-minute window. However, Derivatives Monke’s tweet brought attention to Seb’s controversial proposal, claiming that approximately 25% of zkSync tokens should be allocated to “his friend.”
However, the Head adamantly refuted the accusations, posting on Twitter, “The screenshot in this tweet is fake.” Emphasizing the unreality of the situation, he maintained that he had already “clarified the initial miscommunication and set the record straight on Discord.” Additionally, he expressed confidence in the project, asserting that he never intended to spread Fear, Uncertainty, and Doubt (FUD). Addressing Derivatives Monke’s tweet as “an attack on my [his] identity,” he invited those in the crypto space who know him to vouch for his character.