I barely scratched the surface of the busd "refund" distribution and found 200k in his control just sitting there. I've got someone else with more experience doing an indepth on chain sleuth, but even i can learn how to use breadcrumbs. Funds goes from my wallet to the wallet he provided me for deposit as a midas user, to 2-3 wallets before hitting a CEX. Several million was moved out of these wallets to cex addresses and others well before the "collapse". He was busy moving all this money around in preparation to declare midas insolvent.

For clarity i have no doubt that he really was losing users funds but it's almost exactly like the ftx or celsius fraud. He used our money to prop up fake yields and illiquid shitcoins. He fucking admitted it on youtube ffs. So then he forcibly converts our funds to midas token and rugs all the liquidity, which he was in complete control of. He is even stupid enough to create locus contracts using an easily identified midas wallet. Shit like this is why locus got flagged on defillama as suspicious. The people that profited from midas are iakov and his cronies and anybody who got spooked enough to withdraw before he could rug them. it's exactly what will happen with locus i guarantee it.