ZachXBT Warns Against Using Rain Protocol Due to Connections to Failed Projects

KuCoinFlash

Release Time: 06/05/2026 04:52:33

RAIN

$0.012765-3.28%

Summary

ZachXBT issued a warning regarding Rain Protocol in a recent on-chain report, highlighting connections to failed projects such as TOMI and DOP. Chain analysis reveals that Rain Protocol’s deployment address (0xa35e...b8bc) and TOMI’s multisig (0xa810...d5d1) both sent funds to the same address in October 2025. A DOP multisig address also transferred funds to this address. TOMI and DOP are linked to Israeli founder Moshe Hogeg, who was detained over allegations of fraud. Rain Protocol’s total value locked (TVL) on Arbitrum stands at $27.2 million, all in its native token, with a Uni V3 LP address tied to the deployer suspected of price manipulation. The recent protocol update has not alleviated transparency concerns.

Odaily Planet Daily reports that ZachXBT posted that the on-chain addresses of the Rain Protocol team overlap with the funding sources of failed projects such as TOMI and Data Ownership Protocol (DOP).

On-chain tracking shows that the Rain Protocol deployer-associated address (0xa35e...b8bc) and the TOMI team multisig-associated address (0xa810...d5d1) transferred funds to the same address (0xbac1...4fb0) in October 2025. Additionally, the address that received DOP multisig funds also sent funds to this address. The report notes that projects such as TOMI and DOP can be traced back to Israeli founder Moshe Hogeg, who was detained over alleged crypto fraud. Currently, the total value locked on Arbitrum for Rain Protocol is $27.2 million, all in its native token, and its token price appears to be manipulated via a Uni V3 LP address associated with the deployer.

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