Summary
Blockchain analysts have accused AltLayer’s head of growth, Dorothy DeFi, of using inside information to profit from the project’s recent airdrop. DeFi allegedly turned a profit of at least $200,000 by selling NFTs just minutes before the airdrop announcement. The tokens were sent to Binance, likely to be sold. DeFi denied engaging in insider trading and claimed that the wallet in question belonged to a friend. Another investigator also analyzed the situation and found suspicious behavior. AltLayer has not made any official comments regarding the allegations.
Key Points
1. AltLayer’s head of growth, Dorothy DeFi, has been accused of using inside information to profit $200,000 from the project’s airdrop.
2. Blockchain analysts have pointed to suspicious NFT sales, including two OG Badges and several Oh Otties, which are part of collections eligible for the airdropped ALT tokens.
3. Dorothy denied engaging in insider trading and claimed that the wallet in question belonged to a friend. The allegations arose shortly after AltLayer conducted an airdrop of 300M ALT tokens worth $90M to eligible DeFi participants.