Theft and Fraud at Iota Foundation Continued

1 iotamigrator 1 9/4/2025, 10:52:15 PM twitter.com ↗

Comments (1)

iotamigrator · 1h ago
I would like to prove a quick update to the Hacker News community regarding the ongoing fraud at IOTA Foundation.

It turns out that IOAT manually verifying legacy claims for legitimacy and making the payment accordingly was yet another lie by IOTA. Please see the following https://x.com/iota/status/1945821199893668087 and https://news.ycombinator.com/item?id=44543184

Following my request, they now claim that they "are currently in the process of deploying a new automated claiming tool that will enable claims to be transferred to a new IOTA-based address. Once the solution has been thoroughly tested and verified, we will reach out again". They refuse to provide a date for this.

Thus the pattern of fraud at IOTA Foundation continues and user funds remain frozen, leading to further financial damages. As highlighted before, based on Tokenomist data (https://tokenomist.ai/iota), this potentially impacts 3.8% of all IOTA tokens in existence which amounts to about 30 million dollars in damages at the current market capitalization.