Madlads

avoid.net/madlads→75/100·80% conf.

[AI-DRAFTED · AWAITING VERIFICATION]

75/100

[CAUTIONARY]80% conf.

anchored·5pshfT…x4WR

Summary

Mad Lads is a Solana-based NFT collection launched in April 2023 by Coral, the development company behind Backpack wallet. Created by former Alameda Research and FTX employees Armani Ferrante and Tristan Yver, the project gained significant attention for its innovative mint process that used honeypot tactics to deter bots and for being the first major xNFT collection.

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Timeline(10 events)

2018-09-01

Armani Ferrante works briefly at Alameda Research before its official launch

Cointelegraph Magazine

2020-09-01

Ferrante returns to Alameda Research to work on Solana projects like Serum

2022-05-01

Tristan Yver leaves FTX US where he served as head of strategy

2022-09-01

Coral raises $20 million in funding co-led by FTX Ventures and Jump Crypto

2022-11-01

FTX collapses, Coral loses $14.5 million (88% of operating funds) held on the exchange

2023-04-20

Mad Lads mint begins but faces DDOS attacks and bot issues, forcing delays

2023-04-21

Mad Lads successfully launches using honeypot strategy, sells out in minutes

2024-02-01

Backpack Exchange launches publicly, crosses $1 billion in trading volume within four days

Cointelegraph Magazine

2025-01-07

Backpack announces acquisition of FTX EU for $32.7 million

2025-01-08

FTX states the Backpack acquisition has not been approved by bankruptcy court

Provenance & Audit Trail

Anchored on Solana Verify on-chain6 Wayback Archives

Decision Log

#1publish⛓ anchored · slot 4196291195/14/2026, 6:03:13 AM
hash: 5GhrXhg1aAwNcVfvX9SxD87Ju2nLMntmASTiHUuckJLS

This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.

full audit log →version history →

model: claude-sonnet-4-20250514

generated: 4/21/2026, 7:49:04 PM

last updated: 5/14/2026, 6:03:13 AM

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