Inside Azeem Ahmed's Playbook: Tracking the Money Trail

While Azeem Ahmed maintains silence, the blockchain tells his story. Our investigation follows the money trail that exposes the systematic exploitation of USDM-Mochi investors.

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The OXAI Connection

‍Transaction evidence reveals Azeem Ahmed diverted approximately 1,400 ETH to fund OXAI through four separate transactions of 300+ ETH each to Bitfinex. This ETH originated from the MOCHI-ETH pool, using borrowed DAI from the USDM Curve pool.

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CVX Token Manipulation

1M CVX tokens locked
Monthly reward extraction
5% management fee
20% performance fee (attempted 50%)
Blocked reward distributions through GaiaDAO platform

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The Missing Airdrops

‍Azeem Ahmed has withheld multiple airdrops:

PRISMA tokens never distributed
Rewards stuck in controlled wallets
No communication about distribution plans
Failed claim functionality on GaiaDAO.com

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Fee Structure Evolution

‍Timeline of fee manipulation:

Initial structure:
- 5% management fee
- 20% performance fee
Stealth increase:
- 5% management fee
- 50% performance fee
After exposure:
- Reverted to original rates
- Continued collection despite protests

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‍Blockchain Evidence

‍USDM to OXAI transfers via Bitfinex:

These transactions show the movement of approximately 1400 ETH originally used to seed the MOCHI-ETH pool using borrowed DAI from the USDM Curve pool.

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The Bahamas Shield

‍Analysis of corporate structure:

Holding company registration
Legal jurisdiction challenges
Asset protection strategy
Enforcement complications

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Impact on Investors

‍Documented losses:

$11M trapped (single wallet)
80% withdrawal slippage
Locked rewards
Ongoing fee drain

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Recovery Obstacles

‍Current challenges:

Jurisdictional barriers
Smart contract limitations
Protocol governance constraints
Asset tracing complexity