Scam Alert: Be careful when investing in Supra token ($SUPRA)

I've been part of the early-adopters of Supra, a new, blockchain technology provider who have had a great pre-launch campaign. As of 25 October 2023 the public sale of their $SUPRA token went live for whitelisted users - me included.

As you can see, there is a minimum $200 investment and there has been a myriad of challenges for users who've been wanting to invest. Key problems from users on their Discord server included:

• No WalletConnect 2.0 support so users can't connect modern wallets to buy the token.
• Only supports USDC on Ethereum which has high transaction fees and could have been on a Layer-2 ecosystem like Optimism, Arbitrum, or even Polygon.
• CommonFund crashing.
• Users not able to sign the validate funds document.
• And then, my issue...

When I looked at the wallet contract where all of the $2.4 million that will raised in pre-sale will be stored on the blockchain I saw a worrying issue. If you scroll down the contract and click the getOwners query button you will see a list of wallets who are the owners of this $2.4m wallet.

I checked each address on etherscan.com to make sure they looked legitimate. Most of them were only created in the last 24 hours (worrying?) but the critical one is the last address 0x0ecB0ed4579787D8702Eb90D22d2De744E8cCE19.

If you view this address on Etherscan over here you will see the following transaction list for this address...

There are a number of transactions there with red triangles indicating warnings to users. On closer investigation of these red triangle transactions I can see that the wallet address has sent hundreds of thousands of dollars to fake USDC contract addresses and then withdrawing that USDC to Coinbase.

Naturally, I went to the Supra Discord server and asked the question, why is there a suspicious looking wallet as an owner of the multisig wallet?

My message was accidentally deleted, apparently. So, I asked it again and was told they were investigating. From the time I asked the question about an hour had passed so I asked for yet another update. The response was "we've been assured the wallet is safe".

I replied to this message saying that it didn't look safe and it was worrying to me that, as an investor, it appears someone may be involved in fake transactions. I was removed immediately from the server.

I wasn't aggressive, I wasn't rude, I wasn't anything but asking valid investor-related questions and any attempt to get clarity on this troubling address was deleted on Discord so others couldn't see my valid concern and then, when I asked too many questions, I was removed from the server.

There are so many scam tokens out there and I hope that $SUPRA isn't one of them. If I were you, I would be weary and I would definitely be asking them the difficult questions I can no longer ask.