ZachXBT Flags Rain Protocol Links to Alleged $290M Crypto Scammer

• ZachXBT traced RAIN wallets to DOP and TOMI linked to alleged scammer Moshe Hogeg.
• RAIN holds $8.8B valuation against only $27M TVL and $1M in annual protocol fees.
• Deployer linked Uniswap V3 wallets raise concerns about deliberate price manipulation.

Blockchain investigator ZachXBT has issued a warning to avoid Rain Protocol, a prediction market project that recently reached an $8.8 billion market capitalization despite minimal real users, limited product traction, and on-chain address links to past projects tied to fraud allegations.

“I suggest avoiding the Rain Protocol at all costs,” ZachXBT wrote. “As a prediction market RAIN has few users, minimal product traction, no notable backers, and a team with little track record in our industry.”

The allegations have not been proven in court but the on-chain evidence ZachXBT presented has generated significant conc…

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