Composable Finance executive reportedly doxed as convicted fraudster Omar Zaki

Late Friday Afternoon Decentralized Finance, or DeFi, Investigator @zachxbt posted a series of tweets accusing fraudster Omar Zaki of hi...



Late Friday Afternoon Decentralized Finance, or DeFi, Investigator @zachxbt posted a series of tweets accusing fraudster Omar Zaki of hiding behind the facade of 0xbrainjar, the anonymous product manager of Composable Finance.

From last November to February, Composable Finance raised over $167 million in seed funding, as well as equity loan auction on the Polkadot (POINT) and Kusama (KSM) parachains. More than 9,000 participants have contributed to the DOT equity loan alone.

As zachxbt said, who quoted documents of the United States Securities and Exchange Commission, or SEC, Omar Zaki, then a 21-year-old New York resident and a graduate of Yale University with a bachelor’s degree in physics and economics, was charged with fraud after he misled investors while operating an unregistered hedge fund, resulting in a civil penalty of $25,000. Additionally, two crypto projects allegedly run by Zaki, Warp Finance and Force DAO allegedly suffered hacks resulting in a loss of funds of $8.367 million, some of which were partially recovered.

The DeFi investigator allegedly linked the two identities by first creating a Telegram burner to send a message to Zaki’s personal account and Anon, where both messages were “read at the exact same time.” Then zachxbt reached out to people who “confirmed anon identity link with Yale + physics/Econ background”. Finally, a phone number has been claimed by zachxbt to be linked to the developer’s name, but it’s unclear how it links Zaki’s identity to 0xbrainjar.

zachxbt is renowned in the blockchain community for his detective skills in uncovering the story behind the anonymous developers of DeFi projects. Last month, the DeFi detective correctly discovered that the co-founder of the defunct QuadrigaCX exchange, Michael Patryn, served as chief financial officer at Wonderland. A few days later, the avalanche-based reserve currency close after the negative publicity surrounding the unmasking caused a strong division in the community.

This story is developing and will be updated as more details emerge.