Sir, I haven’t a tosser to my kick
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Yuku DAO has nothing to do - no affiliation or direct connection - with Cecil DAO. Yuku DAO offered to help with the creation of some avatars.
Given the recent lack of clarity surrounding the ongoing discussion, we have formally requested Yuku to remove the associated page until all details are fully resolved and clarified.
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Weird how they made it into your own whitepaper as a partner. (You deleted the hyperlink but not the actual page.)
Here’s some other publicly available information for those interested.
It gives me no pleasure to share this, its all very depressing to me personally.
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Oi, mate! When you look at Adam and the missus in other corruption scandals compared to this one, it’s clear as day they’re not really fussed about rooting out corruption. They’re just cherry-picking who to go after! It’s all a bit of a song and dance, innit? They’ve got their sights set on whoever suits their agenda, and that’s the long and short of it. Proper cheeky, if you ask me!
As previously mentioned and stated above, Yuku had offered their support for Cecil, and as a result, we added them to our list of partners. However, after the recent events, they have been removed from the website. It’s important to note that Cecil DAO didn’t ask for any neuron’s fund contribution and it’s in no way linked to any of the above accusations!
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@CecilDAO
Ok,
Youre not “associated” with them. Even though the same financial backers incubated both projects. Even though both of your own websites state partnership. Im assuming tiger is either the current president or the other chinese DEF board member. (This statement was innacurate, neither Mr. Song CenCen nor Mr. Liu Yulin are tiger (DEF))
Looking at all this it appears to me that DEF incubated all of these things yuku/fomowell/icpex who knows what else.
CecilDao is your charitable organization of which DEF and OGy control completely as was pointed out during your sns launch. DEF funnels the profits from their 14 node machines into this charity i would assume for tax purposes This is inaccurate DEF is a non profit and does not receive tax advantages from charitable contributions (DEF).
I made another statement here that was unneccecarily mean, I removed that statement
Edit: if any of this is factually incorrect let me know i will correct it, but im 95% sure i got everything right. (Spoiler he did not get everything right (DEF)
If these people tricked you then just say that but dont act like you never heard of them. DEF has significant financial control over your charity. Tiger is not on the DEF board
Thank you, @WebTreeSoftwareSolut , for trying to do your due diligence. Let’s stick to the facts and avoid assumptions. DEF has been caught up in this discussion, so we’d like to clarify some things.
DEF stands for “Decentralized Entities Foundation.” It’s a foundation focused on helping DAO projects grow and take shape. We’ve supported projects like Gold DAO and recently CECIL (which didn’t use the neurons fund). Last year, we also helped Waterneuron set up its legal structure to initiate their DAO, something that’s not easy.
One of our board members, Dr. Yulin Liu, has indeed advised Yuku but also other projects such as Chainlink, Liquity in the Ethereum ecosystem, Decide AI, Gold DAO, Origyn, Cecil etc in the ICP ecosystem, we stand by our colleague Yulin Liu unless proven otherwise. No other DEF board members, aside from Yulin, have any operational ties to Yuku. Tiger is not on our board, as you assumed, please avoid jumping to conclusions. The Yuku team operates from China and is led by Tiger.
You also mentioned Gian Bochsler. He founded DEF in 2019 and DAOlink in 2016, well before SNS existed and his fight and involvement in humanitarian project started way before ICP was launched. For the full story, please read his detailed post. Gian has also invested in many SNS projects, like Openchat, WTN, ORIGYN, and Gold DAO. He supported Yuku because he saw a potential to support a Metaverse on ICP, he is disappointed and upset like all of us.
You’re mistaken about tax advantages. DEF is a nonprofit, but it doesn’t allow donation deductions, just like The Dfinity Foundation. There’s a clear explanation about why we’re a foundation and how it works (see here).
We’re open about who we are, our board is public knowledge. What about you? @WebTreeSoftwareSolut ? Who are you, and what have you achieved? We’d be happy to meet you at our office if you have more questions.
We hope this clears things up. We encourage the movement that has been initiated by @borovan and he has our full support. We want more transparency in the ICP ecosystem. In the future if you have more questions, please ask them directly and before making false assumption.
As a conclusion we think that the trust is broken between Tiger and the community but all of us, need to stand together in a constructive manner. The actions of a few individuals employing unethical manoeuvre must not define all the people who help that project to exist, instead as a community we need to help ICP and its reputation by showing our resilience.
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Thank you for the clarification i will remove innacuracies.
@DEF hi!
Hi I’m Dan, I’m A Soldier by Profession and a web developer by hobby. I enjoy the ICP ecosystem and have a long term investment like probably everyone else on this forum.
I speak plainly and I call things like I see it. I appreciate people who do the same. Which is why I appreciate the candor of your response.
My Apologies to Mr. Yulin, Liu, and Mr. Song CenCen. I have corrected this in my post.
Thank you for the clarification. I have corrected this in my post.
Can we count on you to also helping the SUP team do the same ?
https://forum.dfinity.org/t/introducing-sausageparty-a-liquid-staking-solution/
ok, ok just kidding. It’s April 1st.
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It’s not about using the same exchanges. The issue is that they are using the same intra-exchange wallets.
Let me simplify it and ELI5:
- Imagine Yuku AI takes money from its own treasury and puts it into its exchange wallets.
- Then, it almost completely sponsors FomoWELL’s sale using those same wallets.
- FomoWELL, in turn, takes money from its treasury and sends it to the exact same Yuku AI wallets, and then almost completely sponsors ICPEx’s sale.
- Finally, the money is sent back to these Yuku AI wallets.
- All this happens while using a bunch of fake wallets, spam wallets, and various exchanges.
Honestly, I’m not entirely sure what they’re trying to explain – it sounds like financial manipulation, deception, or economic fraud. So far, the situation has turned into a waiting room for Tiger. According to the narrative, in the end, they’ll morph into Dino megazord and good will prevail, like in a story where everything gets sorted out eventually.
I didn’t include GOLD DAO in this investigation. In my opinion, yes, there is a connection. But whether it’s worth diving deeper into that swamp, I’m not sure.
Appreciation
Thanks for the support! I truly appreciate every grain of coffee and every coffee machine you’ve sent me! May your health and that of your children be as strong as this double espresso, and may your neurons keep producing such wonderful Arabica!
Also, the unknown, anonymous well-wisher 9fb0b9… Thank you!
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All was legal, even if they did that, it does not matter anymore, no more neuron fund. If something is built broken, people will use it.
BTW how do you see and even link those accounts. Sending to exchange account get deposit wallet, funds are not kept there, they move to exchange hot or cold wallet. This will make funds untraceable, your logic works only if funds move back to account deposit address and than sent destination, BUT they are not.
If its so easy to beg money from Borovan, why not everyone spin up some data, present it in forum and hope the best.
Dear Dfinity and Yuku Community Members, Partners, and Investors,
I’m Tiger, the founder of Yuku and leader of its tech team. I write this with deep regret. I am using a pseudonym because crypto is illegal in my country, but as already explained I’m a real person, some of you have met me at Dfinity headquarters, industry events, and my office.
For four years, with the team’s hard work, investors’ trust, and the community’s support, we built an NFT marketplace, a Metaverse platform, and AI avatars. But recently, I broke that trust with poor decisions. I gathered ICP to exploit the SNS system, aiming to extract as much possible from the community fund while keeping control of the voting power. I approached the founders of ICPEX and Fomowell through my Chinese network and friends and find agreement with them to take over their projects, and for three months, I had some Yuku developers work on ICPex and Fomowell instead on Yuku.
I admit my actions damaged the ICP ecosystem and betrayed those who believed in me. I am not trying to excuse myself. I am explaining the context. I saw a chance to fund my projects, but clearly not to get rich. I’m passionate about the internet computer and have built usable platforms over three years. But raising money for ICP projects is incredibly hard now. Except for maybe BOB, no SNS or apps really generates revenue in the ecosystem. Most projects struggle without sponsors and run out of funds before they can stand on their own. I took the wrong path, risking reputation and naively thinking it would pass. It was risky, unethical but even so I pushed forward to fund my projects and ambitions, secure a salary, and pay my developers. I’m not proud of this, and I’ll do everything I can to repair the damage.
My first step is to resign from all roles at Yuku DAO. The team suggests Anna (former Head of Business for three years) and John (former VP of Business for six months) as temporary co-CEOs. They have strong Web3 and operational skills, and with the community’s help, I believe they can guide Yuku towards recovery. Keeping Yuku financially stable will be tough without outside support, but it’s possible. I’ll also give all of the Yuku tokens I received to the dev team.
My second step is to return 21,000 ICP to the Yuku treasury. This covers three months of work (7,000 ICP per month) when my focus wasn’t on Yuku’s development.
If anyone in the community wants to help, get involved, or take a leadership role, please reach out to Anna and John with a proposition. IT can be done through that forum. They’ll lead for three months while we improve transparency and welcome community input. After that, I ask the community to vote, either to keep them as permanent co-CEOs or choose new leaders through a fair process. The community should decide Yuku’s future.
This doesn’t undo the harm, but I’ll fully support the transition. Thank you to have listen to me, this closes the Yuku chapter. My next communication will address Fomowell and then ICPex.
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Hi Tiger this is great news.
It’s possible some former freelancer devs are owed money. Maybe good to settle that as well?
Hi,
We have closely followed all discussions regarding Yuku and would like to express our interest in potentially stepping in to support them.
A marketplace is essential for our project (and for the IC), and integrating a metaverse component would be a valuable addition. Given the current situation, we want to conduct a transparent and public audit of Yuku’s code, tokenomics and its global state.
Following the audits and a clear understanding of the situation, we will publicly release a global strategy.
We’re also open to collaborating with other DAOs or projects that need access to a marketplace.
Ofc we’re talking about deposit addresses - not some magical method to track transactions inside an exchange’s hot or cold wallets:
example from the investigation
4. Bitget Wallet and Address 6:
| No. | Address | Amount (ICP) | Source | Time |
|---|---|---|---|---|
| 6 | q5cqr… | 10’018 | Bybit | 2025/03/17 07:59 am |
If you want to be super specific and change BITGET WALLET to DEPOSIT ADDRESS FOR ICP NETWORK TRANSFERS ON A USER'S BITGET ACCOUNT that’s your call. I’m not going to engage in excessive technical verbiage where things are self-explanatory. It might be worth doing it like a children’s book, but I don’t think the audience of this forum needs it.
PS:
I welcome any financial assistance (donations) for these endeavors, as unraveling a complex mess takes a significant amount of time and effort. What you see in the investigation is only the refined, processed information. I spent around 9 - 10 days on this investigation, even considering that I know how to search. By the second or third day, I already had a nearly complete picture of what they did and how they did it. The sheer amount of raw data collected across both investigations could easily fill a couple of CD-editions with bonus materials.
Could it have been better? Yes. Should it have been better? Depends on my erection and financial resources. Period.
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Tiger, I’m very sorry to see all these. I didn’t expect you to leave Yuku in such a circumstance.
You have been a passionate ICP builder since 2021 and made a significant contribution to the ICP community in Asia. Under your leadership, Yuku became not only a torch-carrying leading ICP project in metaverse and NFT, but also grew into a major community leader in driving exchange of ideas and sharing best practices. At its peak, Yuku had the largest developer team in the entire ICP community ecosystem not just in Asia, but in the world, to my knowledge. At one point, it seems that every experienced Chinese developer available in the market has worked for Yuku before.
When others retreated and downsized operations, you carried on and persevered, holding a talented team together in a very bearish market and preserving a quiet force that can strike back when the headwind changes. When others became disillusioned and left the ecosystem, you still relentlessly evangelized ICP to everyone in the broader Web3 industry in Asia, regardless of how friendly or skeptical they were to ICP, from invest firms, exchanges, market makers and communities. Among all people, I understand how difficult it is to do so. You have selfishlessly helped many people. Your conviction to ICP and your benevolence to friends brings many of us together in turbulent times and keeps up a spirited and vibrant bonfire.
I was there for many such moments. Fighting along with you in the trenches gave me strength. We always joked or fantasized about what we should do when our shared mission is completed - that is, when ICP becomes a top 3 blockchain in the world, and we laugh at people hahaha who didn’t believe in us. It’s a shame that you have to leave Yuku before this caravan reaches its destination.
I still believe ICP can and will make it. A bear market filters out true builders from other mere speculators and also-runs. When ICP ascends to the top, we will all live an easier life. I wish no one would be forced to push the boundary - sometimes pushing that boundary too far leads to unintended consequences and brings self-inflicted wounds. We have bigger tasks at hand. In this long march toward true value creation, we need to uphold ourselves to the highest standards.
I hope all these will come to an amicable ending.
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The swamp is deep.
It’s great that this (exploitative) behaviour is rooted out before we create an Alameda situation for ourselves (maybe it’s more accurate to say before it gets out of control).
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hi, I have to correct your statement, crypto is not illegal in your country.
do you know where tiger is from??
Actually, without the backing of ICP whales or some private cooperation, many outstanding projects would impossibly complete SNS fundraising,such as Mora, ICTO, Canistore, and Juno,etc. Otherwise, with a low project valuation, like ICPanda and Personal DAO.
In fact, it was once quite common for one SNS project to support another’s SNS fundraising.
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Indeed, many ICP projects need community funds to support the continuous development and SNS listing. This story here reveals some underlying design issues with the SNS voting system. I believe a good solution is to fix the problems with SNS fund rasing in future but keep those projects running for a better ICP ecosystem. I have tried fomowell, which is a really solid development. I think we need more passionate developers to keep building and provide them with necessary support. I hope this accident will not halt the development of SNS and decentlized fund raising in the long run.