Svmuu reports that ZachXBT posted, stating that the on-chain addresses of the Rain Protocol team have crossovers with the funding sources of failed projects such as TOMI and Data Ownership Protocol (DOP).
On-chain tracking shows that an address linked to the Rain Protocol deployer (0xa35e...b8bc) and an address associated with the TOMI team's multi-sig (0xa810...d5d1) transferred funds to the same address (0xbac1...4fb0) in October 2025. Additionally, an address that received funds from the DOP multi-sig also sent funds to this address. The report points out that projects like TOMI and DOP can be traced back to Israeli founder Moshe Hogeg, who was once detained on suspicion of crypto fraud. Currently, Rain Protocol's total value locked on Arbitrum is $27.2 million, consisting entirely of its native token, and its token price appears to be manipulated via a Uni V3 LP address linked to the deployer.
ZachXBT: Strongly advise staying away from Rain Protocol
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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