source avatariGetAlgo

Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy

If you care about transparency and decentralization you will read ALL of this... Is this wallet the one being used to fund World Chess? We have questions. KN5T3OPNYGO2QO2ES7SH377WFMYPUBOT3RU37ESOCCWYOMQ7SAWFTHXBJ4 Wallet KN5T3... was funded by an Algorand Technologies wallet and created on August 22, 2025 with 10 algorand:native. Another 40,000 ALGO was added on August 25, 2025. Then on September 16, 2025 it was injected with a whopping 33,434,440 ALGO (Worth $7.6M at the time) and has been receiving consensus awards ever since. See image A. That brings the total starting balance of this wallet funded by Algorand Technologies to 33,474,450 ALGO The announcement about the partnership with @theworldchess was made in October 2025 not long after this occurred. "This will provide World Chess with approximately USD 175,000 per quarter, totaling USD 700,000 annually, in ALGO tokens." Source: https://t.co/e2NMBVSD57 Since then, this wallet has received 1.09M ALGO in consensus rewards alone as of the time of this writing making the new accumulative balance 34,443,450 ALGO. See image B The AT funded wallet has moved over 10,000,000 Million ALGO through 2 separate wallets (5M ALGO each @ .10 ALGO) on April 26, 2025 as pointed out by @algotardo, on top of an additional 268,932.911 ALGO (.13 ALGO) moved on January 13, 2026 and also 138,561.53 ALGO (.10 ALGO) on April 09, 2026. This brings the total to 10,407,494.441 ALGO removed from this AT funded wallet at a value of approximately $1.5M USD. That is double the amount agreed upon with World Chess IF this wallet belongs to them. Unfortunately, we cannott confirm because the details have not been reported in the transparency reports since the deal was made. See images C & D This would now put this AT funded wallet at having a balance of approximately 24,035,956 ALGO about $2.5M at todays ALGO price. Wallet A) Created 12/29/2025 (Chess Passthrough) Balance: 1,432,935.426 ALGO + 1,905,897.45 USDC 524JPKQE4EA27Z5GN3IEDMV77UQAIEVEI532DDICKAXQAIWR5AJAWFIQDY Wallet B) Created 01/17/2025 (Dumper Wallet) Balance: 1.066 ALGO + 721.93 USDC LLOSN6PAFW4FNLICMX4RV7BU2LM5YWIRZCKYCVFNYLG2TKGKXWXP473JE4 Questions for: @StaciW_DC @marcvl @AlgoFoundation @Algorand How is it possible for Algorand technologies to have any funds when based on their own transparency reports all funds they held were already disbursed? Why are the Algorand Technologies wallets not listed on the new https://t.co/DKp4ZDIy6R website, especially if theyre still being used and hold ALGO or any funds at all? If this wallet does belong to World Chess, why hasnt this activity and/or payments to @theworldchess been documented on any transparency reports since they announced the deal and if it doesnt belong to World Chess than who or what does it belong to and what is its purpose? If the deal was for $175K per quarter and this is the wallet for world chess than why have they received more than the amount that was mentioned in their announcement? Are there other partnerships or funds being moved from wallets from either AT or AF that have not been disclosed on transparency reports? *All graphs and on chain data found and provided by https://t.co/iRzUWlVhWO

No.0 picture
No.1 picture
No.2 picture
No.3 picture
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.