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Madlads

avoid.net/madlads→80/100·80% conf.
[AI-DRAFTED · AWAITING FACT-CHECK]

Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 65 → 80. Problems weighed by who is responsible: concerns that are not fraud −3.2, problems around the subject, caused by others −2.2; legitimacy credit long-running +10; fact-check adjustments (−10) now shown as page reliability, not in the score. Version history →

Why this score
Every page starts at65
Concerns that are not fraud-3.2
Problems around it, caused by others-2.2
Long-running+10
Sum70

Score: 80/100 (kept between 0 and 100)

How scoring works →
anchored·5pshfT…x4WR
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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.

Connected Entities

6 entities · 60 linked investigations
Organizations
□Ethereum90□Backpack□Alameda□Madlads□Solana□Alameda Research
Relationships
  • Alameda Research→mentioned with→Alameda(70%)
  • Alameda→mentioned with→Alameda Research(80%)
  • Backpack→mentioned with→Alameda Research(80%)
  • Madlads→mentioned with→Alameda Research(80%)
  • Solana→mentioned with→Alameda Research(80%)
  • Madlads→mentioned with→Backpack(80%)
  • Madlads→mentioned with→Alameda(60%)
  • Backpack→mentioned with→Alameda(60%)
  • Solana→mentioned with→Alameda(60%)
  • Backpack→mentioned with→Solana(80%)
  • + 3 more
Also appears in
Aperture LM·57Trenton Richard Johnston·2Crossmint·83Hedera·55Bedrock Protocol·58BNB Chain Bridge·51Marinade Finance·79Nobitex June 2025 Hack (Predatory Sparrow)·10Robinhood Crypto·40KelpDAO / LayerZero Bridge Exploit (April 2026) — DPRK Lazarus·0
Have evidence about Madlads?

Timeline(10 events)

September 2018

Armani Ferrante works briefly at Alameda Research before its official launch

Cointelegraph Magazine

September 2020

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

IQ.wiki

May 2022

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

Cointelegraph

September 2022

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

The Block

November 2022

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

Cointelegraph

20 April 2023

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

CoinDesk

21 April 2023

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

CoinGecko

February 2024

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

Cointelegraph Magazine

7 January 2025

Backpack announces acquisition of FTX EU for $32.7 million

Blockworks

8 January 2025

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

Cointelegraph
Provenance & Audit Trail
Recorded on Solana ✓Verify on-chain12 Wayback Archives

Decision Log

  • #4rescore+15Recorded on Solana ✓10/10/2026, 6:50:15 PM
    slot 455370318 · hash FKgpQ638VeHCq7RCoT3SHcs6nVGv7hwH5KKbC8dvC6dz
  • #3review revise-10Recorded on Solana ✓6/3/2026, 4:20:57 AM
    slot 423953168 · hash 7q4vYEmzfPj4rohSpJJrPwFaGk2Qy6D2QYsFt8Q5jfX2
  • #2reviewRecorded on Solana ✓6/3/2026, 4:20:57 AM
    slot 423953165 · hash 9QAtyd8AdEUcE1TraKBusZotmEyTkQwuvmVciV81uiZy
  • #1publishRecorded on Solana ✓5/14/2026, 6:03:13 AM
    slot 419629119 · hash 5GhrXhg1aAwNcVfvX9SxD87Ju2nLMntmASTiHUuckJLS

This investigation is cryptographically anchored to the Solana blockchain (4 decisions). 12 of 12 cited source URLs have an Internet Archive snapshot.

full audit log →version history →

model: claude-sonnet-4-20250514

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

last updated: 10/10/2026, 6:50:14 PM

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