Hana Network - 3 Years of Lies From a Project That Raised Millions of Dollars to a Fraudster with Sophisticated Tricks What I will bring in this thread: -Suspicious signs -The Dump from multiple wallets related to Hana Team
1/ Suspicious signs -From the very beginning, Hana was shaped to become a CEX replacement, they aimed to develop Web4, focusing on Trustless on/off ramp, starting with the launch of Hana Gateway in late 2023 early 2024. However after 3 mainnet phases they released things that
-Hana team follow the trend instead of focusing on developing their products, this can be seen through their cooperation with EigenLayer and Babylon in mid-2024 when these two platforms were very popular and attracted many users at that time. These articles from prev CM of Hana
Hana came to Hyperliquid then with the vison “No More CEX” and buy $HANA ticker in Hyperliquid through an auction. However after TGE, they are still not listed on Hyperliquid https://x.com/HanaNetwork/stat...
Finally in june 2025 they partner with Kaito to attract people to the project through the yapper campaign. things got a little heated up when yapper received thousands of dollars from yap with the Newton project which made more people flock to Hana https://x.com/HanaNetwork/stat...
-Hana has delayed the release of Tokenomics and postponed the TGE many times. When they sold tokens, they promised a lot of things about the TGE being very close, and after the sale was over, they started making excuses and kept quiet. -TGE is planned after mainnet phase2 and
Tokenomics isn’t transparent Community sale and Investor 140.31M ( 14.03 % ) with 10% for investor locked -> 4.03% for sale unlocked but they raised 2.3M+ from “No More CEX” round and “TGE Early Access” round. So where’s 17M+ $HANA left ? Community airdrop 41M ( 4.1%) with
2/ The Dump from multiple wallets related to Hana Team All Wallet with my name tag on Arkham in this post/used when investigate 0x612E2F825ad33A1dac061f6c331CF3e0dD42663d Bitfinex/BitGo? 0x8ecB915AD60d9D5039E9A390F4694ad08fF272A9 Seller1
There’re 3 clusters we’ll focus to: >Seller 1->18 >Seller 19->22 >1->3
Cluster 1 ( Seller1 -> Seller18 ) These wallets received fund ( ETH ) from 0x612E ( BitGo/Bitfinex? ) then using 1Inch CrossChainSwap to swap from ETH ( ERC20 ) to BNB ( BEP20 ) These wallet sold all the the token at TGE Some of these wallets ( Seller2, Seller3, Seller4,
Except for Seller2 wallet which has no connection with the team, the remaining 3 wallets are closely connected to each other Seller 3 and 4 both sent money to wallet address 0xa340d317A755c693f886980f5247ca88a0271DD1 and this wallet sent to BitFlyer exchange, a Japanese
Seller 3 and 12 send money to Forwarder ( 0xAb ) This Forwarder has received money from CommunitySale wallet through intermediary wallet 0x0e25C003701a0c09C763B0295be4f5545a8cb6F4 and it seems that this Forwarder is a HanaTeam wallet on BitGo platform Seller4 also sent the fund
Cluster 2: Seller19 -> Seller 22 These wallets receive funds through 1Inch Fusion+, a protocol that allows you to transfer token A in wallet 1 and receive token B in wallet 2
After checking the deposits to 1Inch: EscrowSrc, I found 3 wallets that sent out the same amount as the 4 wallets received. Those wallets are: 0x5Fa4Cc3B7F151c404a387f336432E97C6D52e398 ( Received Trading Fee from CapsuleShop NFT collection )
Cluster3 : 1->3 and Community Airdrop wallet These wallets ( 1->3 ) received Hana tokens from wallets confirmed by the team as CommunityAirdrop wallets, each wallet received 5M $HANA and all 4 wallets deposited it into a trading vault that allows automatic selling of tokens on
These wallets then sent the funds through different wallets The wallets currently holding the funds are: 0x7C9086674Ae471c757Ead95c5E3b1B1f5183B8B7 ( Hana Team Wallet 5 ? ) 0xd20623f134aA43c8B9A2FF8A02Ff3881C2415593 ( Hana Team Wallet 6 ? )
In conclusion -Hana Team is behind a series of wallets that dumped a large amount of Hana tokens on TGE day and after TGE. Illegally profited up to 10M and more. These are the wallets I found and I believe there are still wallets like this out there that have not been
The tool I used in this investigation was Arkham, which was pretty easy to use and good. One suggestion for arkham is that when I create a trace, any linked entities I've deleted don't show up again next time, it's been quite annoying having to delete them multiple times every
Special thanks to @cx_jano from X268 Research, @Axieinfinity20 , @Dchien734 for helping me tracking these wallets💜
If you find it useful, please repost so @zachxbt , @binance , @kucoincom , @Gate , @MEXC_Official can know about this💜
If there is anything wrong, please leave a comment below or send me a DM. I will fix it. Thanks for reading the whole thread💜
@IceBearResearch U do know this project is backed by binance labs right? Calling it a scam cause you overbought the top with levrage is not smart bro…
@ProDurty Just read all my thread first
@IceBearResearch And market makes dump every project. Go see all new projects. They all have a high and dump %99 of the time. Stop levrage trading if you dont know how to ans quit yapping. Hold on spot and be rich.
@ProDurty you better check my post again, read part 2 first if you dont have much time every wallet got a tag there, if you need any help, just send me a dm im not talk about the pricce dump or not, i talk about i still not receive presale allocation and the wallet related to team dump
@IceBearResearch Hana 就是骗局
@IceBearResearch Scam @0xJeek @HanaNetwork You broke all the promises u made.
@IceBearResearch This is heartbreaking to see. Transparency should be the foundation of every project.
@IceBearResearch I already lost $1000 in pre-sale. @0xJeek @HanaNetwork .he sold my pre-sale token. Nothing i receive. I need transaction hash .
@IceBearResearch @zachxbt pls do something