Mark Leung retweeted
FIRST DOWNLOAD DONE.
We’ve downloaded and preserved the ENTIRE ABSTRACT TESTNET.
Every block. Every transaction. The complete public history.
And we’re going to open source it for the entire world to investigate.
THE ABSTRACT FILES.
This is only the beginning. 🔓
Mark Leung retweeted
delete KAST
I’m using only Plasma since this summer, good cashback and good APY rewards with fiat, best crypto card at the moment
if you need an invite (and $10 for free) 👇
On the email users got, about converting points for KAST Pioneer Units. Let me say this, and then will leave it for you to absorb.
—-
First -
We are super limited in the language we can use, because of country-by-country rules. Use that for context, in what we released.
Second -
We didn’t just come up with some program out of thin air. The conversion of points to KAST Pioneer Units, came after a long and super expensive process with Tier 1 law firms, and with approvals from investors to create this setup. It literally cost us millions just to setup. We got legal opinions on dozens of countries. Obviously, we would only do this because we are really trying our absolute best to create a strong program for the community.
Third -
Just to reconfirm.
The KAST Pioneer Units, will be issued by a KAST-linked SPV. This is the only practical step for issuance globally. The points will convert to the KAST Pioneer Units.
There will be periodic cash out events. We can’t legally promise you the amounts, the dates, whether it goes up or down. No surprise in that.
But we are putting in the hard work, so the community gets an outcome aligned to the success of KAST.
The only thing you have to do, is quickly accept the conversion, details early December in app.
Fourth -
Why is there no token? Because no single project in the crypto card or Neobank space in history, has ever delivered a token which is not down. Tokens are almost always not aligned to the community. The founders and team most often end up with a treasury they wholly control, they along with investors cash out, and the token holders deal with the volatility and the ultimate decrease in price.
By not launching a token, our team and investors get none of that optionality. They stay locked in equity. To date, I have personally only net purchased equity in KAST and never sold.
Launching a token completely counter to our ambition to build a $100B+ company. We believe the KAST Pioneer Units will be the best long term outcome, and in time people will realise this.
Finally -
We understand that in a market which is very far down, many are looking for anyway to cash out. We get it. There is real pain in crypto prices, many have seen their wealth fall substantially.
But still strongly believe the KAST Pioneer Units, issued by the SPV, will ultimately prove to be the right decision. Time be our witness.
Thanks all.
(Note: I won’t respond to most comments, as I’m keeping to approved language)
Mark Leung retweeted
Holy shit we really got a 23min long documentary on Luca Netz and Abstract before GTA 6 😭
In the past, simply using a Pudgy Penguins NFT as your PFP could earn you goodwill and make you seem approachable within the crypto community. When prices were much higher, the PFP itself even carried an aura of influence.
But now, that same PFP can leave a very different impression. Some people may see you as unpleasant or even hate you simply for using it.
Displaying your affiliation with the community no longer carries only positive associations. It can now mean facing prejudice or resentment. A symbol you once wanted to show off can become something you have to explain or defend. Doesn’t that sound pretty exhausting?
I think this is a deeply damaging shift for the community, one that goes beyond a simple decline in price.
Don’t assume things will go back to the way they were just because time passes and the dust settles.
Wounds heal, but scars last forever.
And this is a scar people will never forget.
Web3 KOL playbook
1. Dump airdropped tokens on market and say "My PFP is free now!"
2. Draw a random diagonal line on a dead chart and "bottom is in, maybe soon..."
3. Disappear when it dumps further.
Stop being someone else’s exit liquidity. Real alpha belongs to you
I believe that this limited art style vintage postcard w/ print signature will goes wild when Naruto comes back
#Narutocard
#Naruto
#火影忍者
This post never get old
#Naruto
Mark Leung retweeted
How are armed robberies even a thing anymore? You make at best a couple thousand dollars per lick and risk getting sent to jail for 20+ years. On the other hand you have wire/credit card fraud where you could make millions and get a couple years MAX.
Mark Leung retweeted
Uncovering the Dark Side of Luca Netz: How Free Chain Scams and alleged NFT Rug Pulls led him to 7-figure Profits
What follows are the findings of an extensive investigation into Netz’s history, littered with drop shipping schemes, alleged rug pulls, and a "free chain scam", all backed up by receipts
For a complete understanding, read this article
LUCA NETZ: FROM RUG PULLS TO RICHES
okhotshot.substack.com/p/luc…
🚨 MAKE SURE YOU DO THIS - SHARE WITH EVERY ABSTRACT CHAIN USER
Protect your legal options when moving funds off Abstract.
1️⃣ Haven’t accepted the Migration Hub terms?
You can use an alternative exit route, such as bridge.abs.xyz, Stargate, Relay or Jumper, without accepting the Migration Hub agreement. Each provider may have its own terms.
2️⃣ Already accepted?
Submit your opt-out within 30 days of acceptance.
Email [email protected] with:
• Your name
• Your account email or relevant wallet address
• A contact address
• A clear statement: “I opt out of the arbitration agreement and class action waiver in the Migration Hub Terms of Service.”
Check the opt-out requirements in the agreement you accepted and keep a copy of your email.
WHY DOES THIS MATTER?
> Removes the new contractual restriction on joining a class action.
> Removes the new requirement to resolve covered disputes through private arbitration.
> Opting out does not affect service eligibility.
This preserves legal options. It does not guarantee compensation or cancel other liability limits or previously binding agreements.
Share this so more Abstract users see it before their 30-day window expires.
The saddest thing is seeing loyal pudgy community will be hurt by the coming storm. The team is good at building cult-like community, but the damage is always suffered by loyal people
Let’s watch Luca’s course about how to make money in Web3, all fudders should be arrested
teapaw.org/silentbuilder3/status/…
LUCA NETZ WAS TEACHING PEOPLE HOW TO MANIPULATE CUSTOMERS AND MAKE MONEY IN HIS $1,700 COURSE
Footage from a training program previously sold for $1,700 by Luca Netz, the owner of Pudgy Penguins, reveals highly questionable marketing practices and raises serious concerns about the methods he was teaching.
Throughout the course, Luca explains how ordinary products can be sold at inflated prices by exploiting human psychology, creating artificial perceptions of trust, and influencing consumers' purchasing decisions.
1. SELLING PRODUCTS UNDER THE PRETEXT OF SAVING KOALAS
One of the strategies Luca discusses in his course involves purchasing bracelets and necklaces from Chinese suppliers at extremely low prices and reselling them for approximately five times their original cost.
However, the most concerning aspect is not the profit margin itself, but the marketing strategy used to sell these products.
The accessories were marketed as products that would help rescue and protect endangered koalas affected by wildfires in Australia.
Customers were told that a portion of the profits from every purchase would be donated toward rescuing and protecting these animals.
In other words, people's compassion for animals and their genuine desire to help were placed at the center of a commercial sales strategy.
This raises several important questions. How much revenue did this campaign generate? How much of that money was actually donated? Which organizations received those donations, and where is the documentation proving that the donations took place?
2. CREATING AN ARTIFICIAL PERCEPTION OF LUXURY AROUND ORDINARY PRODUCTS
In another section of the course, Luca explains how he made an ordinary product sourced from China appear significantly more valuable than it actually was.
To accomplish this, he added expensive products from internationally recognized luxury brands to his website.
He then marked those products as sold out, leaving only his own product available for purchase.
This strategy was designed to make visitors believe they were shopping from a prestigious luxury brand.
A product that was relatively inexpensive to source was presented alongside high end brands to artificially increase its perceived value.
The objective was not simply to promote a product, but to deliberately influence how consumers perceived its worth.
3. CREATING FAKE TRUST THROUGH PURCHASED FOLLOWERS, LIKES, AND COMMENTS
One of the most revealing parts of Luca's course involves his explanations of how to manufacture social media popularity.
Luca discusses how his friends attempted similar sales strategies but failed to achieve the same results.
When explaining why they were unsuccessful, he suggests that they had not put enough effort into developing their Instagram accounts, purchasing likes, and faking various aspects of their online presence.
The course also demonstrates where students can purchase fake followers, likes, and comments.
The purpose of these methods is to create an artificial impression of popularity and credibility among potential customers who encounter the brand for the first time.
Consumers may naturally assume that a brand with thousands of followers and numerous positive comments is trustworthy.
However, when those interactions are purchased rather than earned organically, the trust influencing their purchasing decisions is based on manufactured social proof rather than genuine customer experiences.
4. TEACHING THESE METHODS TO THOUSANDS OF PEOPLE
Perhaps one of the most disturbing aspects of this situation is that Luca was not merely discussing these strategies in relation to his own businesses.
He was teaching them to students as part of a $1,700 training program.
The methods described in the course included exploiting people's desire to support charitable causes, manufacturing an artificial perception of luxury around ordinary products, and creating credibility through purchased social media engagement.
Teaching these practices to a large audience raises concerns that extend far beyond a single brand or business.
It potentially encourages the widespread use of deceptive marketing techniques that could influence purchasing decisions across numerous online stores.
5. THE LINE BETWEEN MARKETING AND DECEIVING CONSUMERS
Purchasing inexpensive products from China and reselling them at a substantial profit is not inherently fraudulent.
However, manufacturing popularity through purchased followers, creating artificial prestige around products, and leveraging people's compassion to drive sales raise serious ethical concerns.
When charitable causes are involved, transparency becomes even more important.
Customers deserve to know whether the donations promised to them were actually made and whether the charitable claims used to influence their purchasing decisions were legitimate.
The methods described in Luca Netz's course provide a striking example of how consumer trust can be turned into a commercial tool.
The fundamental question is simple:
If a brand's credibility is built not on genuine customer satisfaction, but on purchased followers, fake engagement, manufactured luxury perceptions, and marketing strategies that exploit people's compassion, can we really call that successful entrepreneurship?
The methods Luca discusses in his own training materials raise important questions about the marketing practices behind certain business success stories.
They also serve as a reminder that what is presented as entrepreneurial success may sometimes deserve much closer scrutiny.
So, let me ask you this: Do you still trust this guy? If your answer is yes, then it's time to take a hard look at yourself.
Source: docs.google.com/document/d/1…
Mark Leung retweeted
LUCA NETZ WAS TEACHING PEOPLE HOW TO MANIPULATE CUSTOMERS AND MAKE MONEY IN HIS $1,700 COURSE
Footage from a training program previously sold for $1,700 by Luca Netz, the owner of Pudgy Penguins, reveals highly questionable marketing practices and raises serious concerns about the methods he was teaching.
Throughout the course, Luca explains how ordinary products can be sold at inflated prices by exploiting human psychology, creating artificial perceptions of trust, and influencing consumers' purchasing decisions.
1. SELLING PRODUCTS UNDER THE PRETEXT OF SAVING KOALAS
One of the strategies Luca discusses in his course involves purchasing bracelets and necklaces from Chinese suppliers at extremely low prices and reselling them for approximately five times their original cost.
However, the most concerning aspect is not the profit margin itself, but the marketing strategy used to sell these products.
The accessories were marketed as products that would help rescue and protect endangered koalas affected by wildfires in Australia.
Customers were told that a portion of the profits from every purchase would be donated toward rescuing and protecting these animals.
In other words, people's compassion for animals and their genuine desire to help were placed at the center of a commercial sales strategy.
This raises several important questions. How much revenue did this campaign generate? How much of that money was actually donated? Which organizations received those donations, and where is the documentation proving that the donations took place?
2. CREATING AN ARTIFICIAL PERCEPTION OF LUXURY AROUND ORDINARY PRODUCTS
In another section of the course, Luca explains how he made an ordinary product sourced from China appear significantly more valuable than it actually was.
To accomplish this, he added expensive products from internationally recognized luxury brands to his website.
He then marked those products as sold out, leaving only his own product available for purchase.
This strategy was designed to make visitors believe they were shopping from a prestigious luxury brand.
A product that was relatively inexpensive to source was presented alongside high end brands to artificially increase its perceived value.
The objective was not simply to promote a product, but to deliberately influence how consumers perceived its worth.
3. CREATING FAKE TRUST THROUGH PURCHASED FOLLOWERS, LIKES, AND COMMENTS
One of the most revealing parts of Luca's course involves his explanations of how to manufacture social media popularity.
Luca discusses how his friends attempted similar sales strategies but failed to achieve the same results.
When explaining why they were unsuccessful, he suggests that they had not put enough effort into developing their Instagram accounts, purchasing likes, and faking various aspects of their online presence.
The course also demonstrates where students can purchase fake followers, likes, and comments.
The purpose of these methods is to create an artificial impression of popularity and credibility among potential customers who encounter the brand for the first time.
Consumers may naturally assume that a brand with thousands of followers and numerous positive comments is trustworthy.
However, when those interactions are purchased rather than earned organically, the trust influencing their purchasing decisions is based on manufactured social proof rather than genuine customer experiences.
4. TEACHING THESE METHODS TO THOUSANDS OF PEOPLE
Perhaps one of the most disturbing aspects of this situation is that Luca was not merely discussing these strategies in relation to his own businesses.
He was teaching them to students as part of a $1,700 training program.
The methods described in the course included exploiting people's desire to support charitable causes, manufacturing an artificial perception of luxury around ordinary products, and creating credibility through purchased social media engagement.
Teaching these practices to a large audience raises concerns that extend far beyond a single brand or business.
It potentially encourages the widespread use of deceptive marketing techniques that could influence purchasing decisions across numerous online stores.
5. THE LINE BETWEEN MARKETING AND DECEIVING CONSUMERS
Purchasing inexpensive products from China and reselling them at a substantial profit is not inherently fraudulent.
However, manufacturing popularity through purchased followers, creating artificial prestige around products, and leveraging people's compassion to drive sales raise serious ethical concerns.
When charitable causes are involved, transparency becomes even more important.
Customers deserve to know whether the donations promised to them were actually made and whether the charitable claims used to influence their purchasing decisions were legitimate.
The methods described in Luca Netz's course provide a striking example of how consumer trust can be turned into a commercial tool.
The fundamental question is simple:
If a brand's credibility is built not on genuine customer satisfaction, but on purchased followers, fake engagement, manufactured luxury perceptions, and marketing strategies that exploit people's compassion, can we really call that successful entrepreneurship?
The methods Luca discusses in his own training materials raise important questions about the marketing practices behind certain business success stories.
They also serve as a reminder that what is presented as entrepreneurial success may sometimes deserve much closer scrutiny.
So, let me ask you this: Do you still trust this guy? If your answer is yes, then it's time to take a hard look at yourself.
Source: docs.google.com/document/d/1…
When will VC change their Pudgy PFP?
@vaneck_us @Bitwise @BitMNR
Don’t be scared of public reaction, holders are stupid to realise the situation
I just claimed 3,000 diamonds on @dyli_io with my Abstract XP.
Check your tier and claim yours:
dyli.io/abstractxp
Mark Leung retweeted
🚨 Gm,
Regarding the question related to the acceptance of the ABS terms needed to migrate, DO THIS ASAP AND IN A TERM OF 30 DAYS -LAST DAY 04/11/2026-.
Send an e mail to [email protected] and [email protected], writting this:
Opt-out of arbitration and class waiver — non-acceptance of Migration Hub Terms (Section 17.8)
Privacy team, Cube, Inc.,
I do not accept, and I do not consent to, the Migration Hub Terms of Service published at migrate.abs.xyz, last updated and effective October 6, 2026, including the embedded Privacy Policy, or to any replacement of prior terms under Section 1.4.
If any act of mine is treated as acceptance of that version, this email is my written opt-out, under Section 17.8, of the new arbitration agreement and of the class, collective, and representative-action waiver in Section 17. I opt out of individual arbitration, of the waiver of a court and jury trial, and of the waiver of class, collective, or representative proceedings.
I reserve all rights and claims, including claims based on conduct before any acceptance, claims about the decision to discontinue Abstract, and any right that applicable law does not allow to be waived. This notice is not a waiver of Sections I do not accept, and it is not consent to Sections 5.8, 8.6, or 13.5.
Very important to include your wallet on the e-mail, your full name and e mail adress. 🚨
Mark Leung retweeted
🚨STATEMENT🚨
Gm.
This is a hard time for me, surely the worst day since I m in Web 3, of course I m sad because of the shut down of @AbstractChain, but I m a Lawyer/Attorney irl and I m not letting this as it is, I m sorry.
Every affected user can dm me to join the group that will initiate the legal actions in the States through X or dc.
In my capacity as counsel to persons affected by the announced shutdown of the Abstract network, I state the following:
On the facts known to this firm, the matter bears serious indicia of criminal fraud and, only in the alternative, of civil fraud. It is not treated as a mere business decision to cease operations.
In the coming weeks, in my condition of representant of the affected users from Abstract, I will contact the most prestigious lawfirms in the United States, to prepare and file a criminal complaint or, if appropriate, a civil action before the competent courts against @LucaNetz , @IglooInc , and any collaborators in the network who participated, by act or omission, in the matters under review.
Those represented regard this as one of the most serious frauds committed in the cryptoasset space.
The affected parties I represent are prepared to enter into good-faith, confidential negotiations with those responsible before proceedings are commenced.
Contact may be made through this X account or on Discord: degorcaxyz.
Absent a serious proposal within a short period, judicial proceedings will be brought without delay before the competent jurisdiction.
All criminal, civil, and other rights and remedies of those represented are expressly reserved. 🤝
It’s great watching solana:2zMMhcVQEXDtdE6vsFS7S7D5oUodfJHE8vd1gnBouauv up 55% in the past month, and it’s due to go on its run. We’ve said it before & I’ll say it again, but prior cycle’s winners like DOGE or SHIB can’t touch what @pudgypenguins has been building.
The world will soon catch on. We’re still very early. 📈
























