Helen Tu, who’s Chinese name is 涂力瑜，She is the head of BSC ecosystem and BUSD. Here’s one public poster and a screen shot of BSC farmer’s festival live stream as proofs of both of her two job positions at Binance.
This article is about her and her boyfriend Elric, his Chinese name is 王鑫. How the scammed people and conducted insider trades. Created a paid group with binance’s credibility, Elric is the front face, she is one feeds him the inside news from Binance and backed him up use Binance’s credibility among the community.
Long story short, The guy named Elric, also known as qls short for teacher Qiao. His real chinese name is王鑫. He and Helen Tu take advantage of Helen’s position at Binance and constantly conduct insides trades.
Instead of keep it quite to themselves about those unethically behaviors, they decided to take a further, Elric shared those inside trades to other people in order to build up for more cons.
He is constantly showing off his trades , and how close he is with Binance’s team,and implied his high position relationship with Binance, like he know stuffs what their employees didn’t know,and got the access to Binance’s background data ect .
And he very caution, mostly share the listing news offline and DMs to build up the trust. After he gained your trust believe that he is best trader and also with lots of inside news,not surprisingly they also started this paid group, where they charges 1999rmb per person.
And he promised in the WeChat group he will make everyone in the group 10x by the end of year. And of course no one made 10x with his guidance.
Here’s the proofs all accusations mentioned above.
chat history of him showing off his high end connection with Binance and implied his more superior than most of binance’s employees since he know most of things that they don’t, and also he the access to backend data and profit table. After he done showing off , he said he will make everyone in the group 10x this year.
Some chat history of him showing off Binance listing information. He is very smart and careful so most of time he share those listing news offline or through calls.
Paid group, currently with 90+ people, they charge 1999rmb per person, He used two WeChat accounts to manage that paid group. Elric and Gin, both are belong to him.
But he didn’t just started a paid group, In this article we are going to expose more things. He pretend to be a core member of a blockchain project and raise money from you. And offer high return to help people manage their money but failed to deliver.
In 2019, Elric told his friend he got a Binance project, and currently raising for its private round, ask them if they want to invest in it.
And in 2020 a year later he took money from his friends, he got informed by his Binance’s contact that Injective is confirmed to get listed on Binance as launchpad IEO, and he saw the opportunities that he can sell it at higher rate.
So he mandatorily returned of most of the principal back to the people who sent him money in 2019, and only kept a tiny allocation for them, and hired an assistant started to selling at higher rate, which is $0.05.
He approached to multiple community leaders through wechat, he pretended himself as a core member of injective team and offered them commission if they help him to raise money.
He even deliberately changed his WeChat name to Elric, so it looks very similar to the founder of injective Eric.
Becuase he offered commission to distributors, so there was a lot of distributors helping them raising the money, he quickly raised over $3m at $0.05/inj, and some distributor even added the price on top of it.
There was a lot of people participated in, 5 (or even more) WeChat groups created for it. So it attracted the attention from Injective team, they quickly clarify that allocation selling is fake, and warning people to be careful about the scam.
He got a little bit scared so returned some fund back those people, but still kept some. Which still much higher than the allocation he really got.
And meantime injective’s lock-up has changed from first 30% unlock at listing to 6 months after listing.
There’s the story told by those people directly.
“when the token unlock date is getting close ,which is 6 months later inj get listed on Binance, the price of inject was at $13 ~ $17 range, nearly 500x from its private round price. we were very exciting and looking forward to receive our part of allocation from him, but he become greedy again.
Unlock date is suppose to the mid April, after we asked him he said unlock date its getting delayed to June, and saying team has trouble to unlock the tokens on time. We believed him, in late May and june After he “kindly” sent the first unlock in stable to us use his own money, the numbers ain’t right, its much lower than it suppose to be.
we ask him why is the money he sent is much lower, He told us that he made mistake on token price, it wasn’t $0.036/Inj, it should be $0.36, and He’ve sold the first unlock at $7 which is much lower than the market price. And he’ve spent over a million to help injective grow so he deducted those expense too.
It makes 0 sense to us, and we’ve been fooled by him for few times. So we look it up , and found out the real price of injective and lockup term .
There’s not round token price is at $0.36, it was confusing to us, so we asked him, why is the private round price on binance reserach is $0.18, and he just continue his lies and tell us those information are misleading, there’s no VC got in private round at $0.18 expect Binance lab, others all got in at $0.36.”
We didn’t trust him anymore , so we reached out to Molly and ask her if she can connect us to the inj team so we can confirm on the price and everything. And she help us connected to the team.
So we talk to the team try to confirm the things he told us, thing like weather or not he is a team member of injective, and private round price and lockup term ect..
The team told us they are not allow to reveal the contract with any of their investor to a 3rd party, but they can confirm that he is NOT a team members of injective, and also all information about private sales are as same as it revealed publicly, there’s no hidden round with other valuation and price.
And after he knew that we’ve reached out to the team. He started to blackmail and threatening us and Molly, few months later he posted made-up stories and pay pr company to spread it all over to defame molly.
That’s why a lot of people has back down to expose him, they took their principal back from him ,because they didn’t want get into troubles. And that’s why we only get part of the transaction history.
The thing hasn’t settle, those people seems to have a little hope to get what they suppose to get, but to expose him can prevent more people to fall for his lies.
Proofs
he pretend as a team member of injective to raise money
the conversation between him and one of his ditributors
Transactions proofs
Noted that is only the part of the transaction proofs,since some people were back down because he’s been blackmailing people. you can see that money are send to the address he provided , there’s also a rmb transaction to his alipay account . And we didn’t able to get the provide the proof of the fund he raised in 2020 because there was a lot of distributors involved.
Some proofs of he offer to help people to manage money with high return.
Most of victims are girls. He threatened them will ruin their reputation hire people to knock their door at the middle of night, he gathered their family’s information say he will ruin their life too.
Some of blackmail threatening proofs, he’s smart and cautious, he done most threatening stuffs through online phone system, pay other to do it.
we will updates more proofs in the tg group. please follow for more .