Five projects linked to Ernest Fontes and overlapping team members. Each follows the same pattern: raise money, peak, crash, rebrand.
Meme token launched at the peak of the Inu craze. Pseudonymous team. Both websites (wearezinu.com, zombieinu.io) now redirect to gambling affiliate sites. Smart contract contains ManualSwap/ManualSend drain functions giving the team ability to extract all ETH at any time. CertiK audit scored 59/100 with KYC NOT verified. NFT collection on OpenSea has a floor of ~$46 with zero volume.
On-chain analysis reveals ~58,806 fee extraction transactions via ManualSwap/ManualSend, estimated total ~$288,000. Two hardcoded fee wallets (0x2c6fd... and 0xb3962...) are still receiving ETH today.
Layer 1 blockchain (Chain ID 2016). ZINU investors were told to migrate funds here. Website broken. LBank delisted. Rebranded to Splendor mid-2025. GitHub repository has only 93 commits total.
Splendor Labs posts directly from the @mainnetz Twitter account, proving organizational continuity despite marketing that erases all connection to predecessors.
"AI-powered, quantum-resistant" Layer 1 blockchain. Chain ID 2691. Founded by Todor Ivanov. CertiK score 3.6/10. Smart contract contains rescueCoins and emergencyTransfer backdoor functions. Claims $50M seed round, but only $4.5M committed by White Rock Group — which is run by the same person (Todor Ivanov) who runs Splendor. Circular self-investment. Claims Swiss incorporation (Splendor Labs SA) but not found in Swiss commercial registries. White Rock Group has no SEC or FINRA registration. All marketing materials erase any connection to ZINU or MainNetZ.
Todor Ivanov and Ralph Ledee are both listed on Majestic P.L.T. (Fort Lauderdale). Ivanov is described as managing "WhiteRock's venture capital strategy" — the same WhiteRock that committed $4.5M to Splendor's seed round. Majestic P.L.T. is not registered as a legal entity anywhere; its address is a virtual mailbox.
No public web presence. Ran a "StableMine" presale. Existed only in private Telegram and Discord channels. The FRENZ token exists on Base chain (contract 0xdda98...1529) with 12,850 holders at ~$0.0004 — effectively dead.
Private presale only. Promoted at an Austin Hilton event. Not listed on any exchange or aggregator. No public website. No token contract found.
Each migration (ZINU → MainNetZ → Splendor) requires investors to move their funds to the new project. Each peaks briefly, then crashes 96–100%. Each new project distances itself from the last, erasing prior branding and history. Smart contracts in every iteration contain owner-controlled fund extraction functions. The SafeMoon CEO received 100 months in federal prison (May 2025) for the same structure.