{"investigation":{"slug":"everlyn","entity_name":"Everlyn","trust_score":51,"severity_base":null,"score_modifier":-4,"confidence":0.4,"status":"published","content_type":"investigation","summary":"Everlyn is a Web3-native AI video generation project built around its Everlyn-1 model, with an associated LYN token (1 billion total supply) listed on exchanges including MEXC in October 2025. Crypto-industry sources report a $15 million funding round involving Mysten Labs. No regulatory actions, lawsuits or credible scam allegations were found, but available sourcing is mostly exchange and promotional material, so confidence is limited.","sections":[{"content":"Everlyn describes itself as a decentralized AI video platform. MEXC's listing announcement describes Everlyn AI as a Web3-native AI video protocol that generates videos in about 25 seconds using its Everlyn-1 model. These product claims come from the project and exchange promotional material and have not been independently verified here.","heading":"Overview and product","sources":[{"url":"https://www.mexc.com/he-IL/announcements/article/initial-listing-mexc-will-list-everlyn-ai-lyn-in-innovation-zone-with-convert-feature-17827791530626","name":"MEXC listing announcement for Everlyn AI (LYN)","type":"official","credibility":3}],"severity":"low"},{"content":"Crypto-industry outlets and data aggregators report that Everlyn raised $15 million in a round around late August to September 2025, led by Mysten Labs (developer of the Sui blockchain). PANews-sourced coverage reports a $250 million valuation. Other named backers include Selini Capital, Aethir, MH Ventures and io.net, though lists vary between sources. Details were not confirmed against primary filings.","heading":"Funding and backers","sources":[{"url":"https://defillama.com/raises/mysten-labs","name":"DefiLlama raises: Mysten Labs","type":"research","credibility":2},{"url":"https://www.raptorgroup.com/news/mystenlabs-drives-ai-blockchain-synergy-with-15m-everlyn-boost/","name":"Raptor Group: MystenLabs drives AI-blockchain synergy with $15M Everlyn boost","type":"news_article","credibility":3}],"severity":"low"},{"content":"LYN has a stated total supply of 1,000,000,000. MEXC listed LYN/USDT in its Innovation Zone on 2025-10-06, with a contract address on what appears to be BNB Smart Chain, and warned that prices of Innovation Zone projects may fluctuate greatly. Search snapshots showed widely varying prices and an all-time high near $1, so the token is volatile. A Binance Square post claiming advisory involvement by Yann LeCun was a promotional post and is not confirmed elsewhere; it is not relied upon here.","heading":"LYN token and market risk","sources":[{"url":"https://www.mexc.com/he-IL/announcements/article/initial-listing-mexc-will-list-everlyn-ai-lyn-in-innovation-zone-with-convert-feature-17827791530626","name":"MEXC listing announcement for Everlyn AI (LYN)","type":"official","credibility":3},{"url":"https://coinmarketcap.com/currencies/everlyn/","name":"CoinMarketCap: Everlyn","type":"research","credibility":2}],"severity":"medium"},{"content":"Searches for Everlyn combined with scam, fraud, rug pull and lawsuit returned no relevant results. No regulatory actions or credible community scam reports were found. This reflects absence of findings in a limited search, not a clearance. Team identities and audits were not verified.","heading":"Legal, regulatory and scam allegations","sources":[{"url":"https://coinlaunch.space/projects/everlyn/","name":"Coinlaunch project profile: Everlyn","type":"research","credibility":3}],"severity":"low"}],"timeline":[{"date":"2025-08","event":"Reported $15M funding round led by Mysten Labs (DefiLlama lists it around end of August 2025).","source":"DefiLlama","source_url":"https://defillama.com/raises/mysten-labs"},{"date":"2025-10-06","event":"MEXC opens LYN/USDT trading in its Innovation Zone.","source":"MEXC announcement","source_url":"https://www.mexc.com/he-IL/announcements/article/initial-listing-mexc-will-list-everlyn-ai-lyn-in-innovation-zone-with-convert-feature-17827791530626","date_evidence":"LYN/USDT trading in the Innovation Zone: Oct 6, 2025, 07:00"}],"sources_used":[{"url":"https://www.mexc.com/he-IL/announcements/article/initial-listing-mexc-will-list-everlyn-ai-lyn-in-innovation-zone-with-convert-feature-17827791530626","name":"MEXC listing announcement for Everlyn AI (LYN)","type":"official","credibility":3},{"url":"https://defillama.com/raises/mysten-labs","name":"DefiLlama raises: Mysten Labs","type":"research","credibility":2},{"url":"https://www.raptorgroup.com/news/mystenlabs-drives-ai-blockchain-synergy-with-15m-everlyn-boost/","name":"Raptor Group: MystenLabs drives AI-blockchain synergy with $15M Everlyn boost","type":"news_article","credibility":3},{"url":"https://coinmarketcap.com/currencies/everlyn/","name":"CoinMarketCap: Everlyn","type":"research","credibility":2},{"url":"https://coinlaunch.space/projects/everlyn/","name":"Coinlaunch project profile: Everlyn","type":"research","credibility":3}],"source_tags":[],"addresses":[],"reviewed":true,"reviewed_by":null,"model_used":"claude-code-investigator","created_at":"2026-11-01T13:39:07.470903+00:00","updated_at":"2026-11-01T21:35:35.846+00:00"},"source_quality":{"total":5,"tier1":0,"tier2":0,"tier3":0,"unrated":5},"follower_count":null,"content_updated_at":"2026-11-01T21:35:36.404Z","last_fact_checked_at":"2026-11-01T21:35:36.103Z","fact_check_next_allowed_at":"2026-11-08T21:35:36.103Z","update_next_allowed_at":null}