QUADRIGA INITIATIVE
CRYPTO WATCHDOG & FRAUD RECOVERY PLATFORM
A COMMUNITY-BASED, NOT-FOR-PROFIT
UNKNOWN
OCTOBER 2024
GLOBAL
ZULU NETWORK
DESCRIPTION OF EVENTS
"The Native Bitcoin DePIN Layer. Zulu Network is the first DePin-focused Bitcoin Layer 2 to achieve the tokenization of computing power, allowing anyone to power DePIN innovation and earn Bitcoin."
"Built on top of the Bitcoin blockchain, Zulu Network enhances transaction speeds, reduces costs, and maintains the security of the Bitcoin network while introducing EVM compatibility."
"Blockchain technology has transformed the way individuals and organizations approach decentralization, offering benefits such as enhanced security, transparency, and efficiency. Despite the advancements in blockchain, challenges such as scalability, high transaction fees, and limited access to decentralized resources remain critical hurdles. Zulu Network aims to address these challenges by providing a layer 2 solution that optimizes tokenized computing power within a decentralized framework, utilizing Bitcoin’s security."
"The Native Bitcoin DePIN Layer. Zulu Network is the first DePin-focused Bitcoin Layer 2 to achieve the tokenization of computing power, allowing anyone to power DePIN innovation and earn Bitcoin."
"Mainnet airdrop registration starting now! We are now in half of our roadmap, starting with Testnet v1 and final step Full Zulu Mainnet. Check More. Mainnet Register. Registration process will be closed on November 5, after..."
"The @zulu_network account got compromised, please report them so Twitter freezes the account until the team can get access back."
"Until further notice, the Zulu Network Twitter account has been compromised. DO NOT CLICK ANY LINKS, DO NOT CONNECT YOUR WALLET. @zulu_network it will drain your WALLET Metamask is telling you it is a suspicious transaction."
Zulu Network allows computing power to be monetized into bitcoin revenue. On October 12th, their Twitter/X account posted a new airdrop promotion, which multiple users engaged in and promoted in the hopes of receiving the airdrop. However, this airdrop was a scam and users who connected their wallets would find that they were drained. It is unclear the level of loss. The Zulu Network project does not appear to have acknowledged the incident or offered any assistance to affected users.
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@zulu_network Twitter (Nov 8)
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Zulu Network - The Native Bitcoin DePIN Layer (Nov 8)
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@DaenerysS89 Twitter (Nov 8)
@oexcommunity Twitter (Nov 8)
@Crypto_rigger Twitter (Nov 8)
@OTPYRCEVOLUTION Twitter (Nov 8)
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@akhaura360 Twitter (Nov 8)
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@ChristianJ97078 Twitter (Nov 8)
@BPexc Twitter (Nov 8)
@leooneer Twitter (Nov 8)
@MaverickLeviX Twitter (Nov 8)
@MikeEze18 Twitter (Nov 8)
@krissh_naa Twitter (Nov 8)
Zulu Network - The Native Bitcoin DePIN Layer (Nov 8)