Here’s a tick-tock describing the moments leading up to the sale of the OP that in my opinion undercuts this claim. L2DAO had gotten proof that OP had not been compromised and went ahead anyway with selling the OP and bridging the funds. This action had not been disclosed until I’d uncovered it months later.
These facts raise questions about their motivations. Their pretext was a token hack - so why bridge and start immediately shilling ETH and Arbitrum?
And why do it after weeks of LPing the token, which itself seems inconsistent with the spirit of these grants?
And why not immediately bridge back, instead keeping the funds on Arbitrum?
And why not tell anyone?
See below:
Wallets of interest
L2DAO deployer on Optimism (Deployer)
L2DAO recipient of grant funds (Grantee)
L2DAO Arbitrum treasury (Treasury): where 50mm L2DAO resided on OP
L2StateofMind NFT deployer (SoM)
Initial recipient of L2StateofMind funds
Events around bridging
Aug-17-2022 04:45:00 PM +UTC
Optimism transfers large number of OP to EOAs; the ‘alarming exploit’
Aug-17-2022 08:29:00 PM +UTC
Weston Nelson asks in OP discord:
Discord message ID: 1009559717816832090
Aug-17-2022 08:45:00 PM +UTC
Diligit responds not personally having info
Discord message ID: 1009567227944652942
Aug-17-2022 08:53:00 PM +UTC
Weston specifies the transfer in question
Aug-17-2022 08:59:00 PM +UTC
Diligit says these are Foundation accounts
Aug-17-2022 09:14:00 PM +UTC
Weston gets into miscommunication with Diligit, says transaction is ‘not a good look’
Aug-17-2022 09:18:00 PM +UTC
Diligit explains that there’d previously been test transfers to these accounts, confirming transaction was intended.
Aug-17-2022 09:26:55 PM +UTC
Grantee wallet transfers 280,957 OP to Deployer
Aug-17-2022 09:30:11 PM +UTC
50k OP swapped to 35.69 ETH
Aug-17-2022 09:32:00 PM +UTC
Optimism Foundation tweets clarification of transaction as routine
Aug-17-2022 09:34:11 PM +UTC
80k OP swapped to 57.52 ETH
Aug-17-2022 09:37:27 PM +UTC
80k OP swapped to 57.64 ETH
Aug-17-2022 09:38:27 PM +UTC
70,957 OP swapped to 51.31 ETH
Aug-17-2022 09:39:00 PM +UTC
Aug-17-2022 09:46:26 PM +UTC
Test bridge of 1e to same address on Arbitrum
Aug-17-2022 09:51:00 PM +UTC
Aug-17-2022 09:53:34 PM +UTC
202 ETH bridged from Deployer to Arbitrum via Socket Protocol
Aug-17-2022 10:07:19 PM +UTC
On Arbitrum: Deployer sends 100 ETH to Treasury
Aug-17-2022 10:07:53 PM +UTC
Deployer sends 102 ETH to Treasury
Aug-18-2022 00:41:00 AM +UTC
Weston bullish $ETH
Aug-18-2022
Weston shilling Arbitrum
Aug-18-2022 05:26:00 AM +UTC
Weston shilling Arbitrum
Aug-18-2022 08:57:00 AM +UTC
Weston re-amplifies Aug-17-2022 09:39:00 PM +UTC tweet with the following:
Aug-18-2022 10:34:00 AM +UTC
Weston bullish $ETH
Aug-18-2022 10:43 AM +UTC
Weston shilling $ETH
Aug-18-2022 05:28:00 PM +UTC
Weston claiming to have “followed up with other parties” regarding how previous day’s tx was handled. Still asking for “just info.”
Starts sending OP back to other one