Doxed NFT Whale’s portfolio shows deep ties to a major crypto exchange – NFTgators

by James · November 8, 2022

Quick take:

A mysterious NFT whale has been doxed in a long Twitter thread.
NFT Ethics claims to have found deep connections between the whale’s wallet and a major crypto exchange.
According to NFT Ethics, the pseudonymous wallet holder owns more than 100 BAYC, over 70 Azuki, and received over 8 figures in airdrops.

Dingaling (pseudonym) has become the latest NFT whale exposed by crypto investigative researcher NFT Ethics on Twitter. NFT Ethics claims to have exposed the deep links between dingaling NFTs and DeFi transactions with a major cryptocurrency exchange.

Dingaling is considered one of the most successful NFT investors just judging by his NFT portfolio, which has more than 100 BAYC, over 70 Azuki, and received over 8 figures in airdrops, including 1434898 ApeCoin tokens.

According to a tweet published by Dingaling on March 17, 2022, the NFT whale appears to own 113 Bored Apes, 98 Mutant Apes, and 110 Kennel Club NFTs, accompanied by 1,434,898 Ape tokens that can be claimed, as at the time was worth more than $10 million.

The wallet also shows that Dingaling was among the earliest investors in NFTs, having invested in CryptoKitties and NBA Top Shot.

According to NFT Ethics, the NFT whale also placed the highest bid of 309 ETH for the recently concluded Azuki golden skateboard-gamified NFT sale.

The investigative researcher claims to have found it far easier than expected to reveal the face behind Dingaling’s NFT account.

“It was pathetically easy to find his identity, since his previous Twitter handle exactly matches his full name and it turns out that Dingaling works at the absolute top level of Binance next to CZ (we mean: right below CZ of course 🙂 ) .”

So Dingaling’s true identity was revealed to be Dinghua Xiao, who has been working under Chengpeng (CZ) Zhao at binance from the very beginning.

Further research found that while much of his association with Binance appears to have been deleted, he still serves as a director of the crypto exchange company’s Bermuda-based offshore entity and was also part of a joint venture formed by FTX’s Sam Bankman-Fried and CZ – Binance.

In one of the rare interviews done by Dingaling, he revealed that he was a basketball fan, which NFT Ethics was able to match with his biological profile.

The NFT whale is also one of the most vocal supporters of wash trading, at one point calling it “brilliant”. He currently serves as an advisor to the highly incentivized NFT market, LookRare.

After digging deeper, NFT Ethics too found it “Looking at LooksRare’s private sale, in addition to some well-known ‘influencer investors’, there were also many newly created anon wallets that put in the max value of 37.5 ETH, all sourced from Binance and only for this purpose.

In addition, data too knew that Dingaling was the first investor in the LooksRare NFT platform, which, according to the investigative researcher, may imply that LooksRare may be largely funded by Binance.

NFT Ethics goes on to suggest that Dingaling may actually be one of the pseudonymous founders of LookRare, which goes by the name Zodd (ZoddLooksRare), pointing to tweet activity that includes answering questions regarding the massive $30 million $LOOKS tokens paid out by the founders through crypto-mingling platform Tornado Cash .

And then comes the big one. Guts (no Twitter account) the other pseudonym used by the other LooksRare co-founder may actually be CZ. “The fact that LooksRare is (in)famous for the insane amount of wash trading that results in $LOOKS rewards and its close ties to Binance can also put things in a different light, including the main NFT pools that Dingaling trades. write NFT ethics.

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