Pond0x
Summary
Pond0x is a decentralized exchange and token ecosystem launched in July 2023 by Jeremy Cahen, known online as Pauly0x. The project's initial token launch (PNDX) resulted in more than $2.2 million in investor losses due to a smart contract vulnerability that allowed any user to transfer tokens from another wallet without authorization; critics alleged this was intentional. The founder has an extensive record of legal and regulatory entanglements including a $9 million trademark judgment from Yuga Labs (later vacated on appeal and settled), court-documented allegations of evading asset seizure, and a February 2025 listing on San Juan, Puerto Rico's Top 10 Most Wanted list for alleged aggravated assault.
Connected Entities
1 entities · 10 linked investigations- + 1 more
Timeline(12 events)
2022-07-01
Yuga Labs files trademark infringement lawsuit against Jeremy Cahen and Ryder Ripps over the RR/BAYC NFT collection.
CoinDesk2023-07-28
Pond0x PNDX token launches. Users can mint PNDX by depositing ETH. Price spikes on Uniswap above mint cost. Seven wallet addresses are later identified as having minted tokens 3–55 minutes before the public announcement.
CoinTelegraph2023-07-28
Smart contract vulnerability discovered: any address can transfer PNDX from any wallet without authorization. Exploiters drain tokens and dump on Uniswap. Estimated investor losses exceed $2.2 million. Cahen states the transfer function was intentional.
CoinTelegraph2023-09-28
Pond0x official channel announces more than $100 million in cumulative DEX trading volume, citing a Dune Analytics dashboard. Critics allege the volume is fabricated or misleading.
CoinTelegraph2023-10-01
U.S. District Court awards Yuga Labs over $1.5 million in initial damages against Cahen and Ryder Ripps in the RR/BAYC trademark case.
Decrypt2024-02-01
U.S. District Court enters final judgment of approximately $9 million (including approximately $7 million in attorneys' fees) against Cahen and Ripps in favor of Yuga Labs.
The Block2024-04-03
Pond ecosystem announces planned Magma Layer 2 blockchain via GlobeNewswire press release. Claims $679 million in trading volume and $28.56 million in user rewards in the DEX's first 200 days.
GlobeNewswire2024-07-16
X (Twitter) suspends all three accounts operated by Jeremy Cahen, including @Pauly0x and @Pond0x, for alleged platform rule violations. PNDC and PORK token prices drop more than 10%.
CloutScoop2025-02-05
Jeremy Cahen is added to San Juan, Puerto Rico's Top 10 Most Wanted list for alleged aggravated assault. Bail set at $75,000. Cahen is described as armed and highly dangerous.
Protos2025-02-07
Cahen is removed from the Puerto Rico Most Wanted list within days of first being reported, suggesting apprehension, dropped charges, or ranking change. Disposition not publicly confirmed.
The Shib Daily2025-04-01
Yuga Labs files a court motion to seize approximately $396,946 in cryptocurrency (Bitcoin, Ethereum, PEPE) from four of Cahen's wallets. Court documents allege Cahen transferred assets to new wallets one day after a Gemini levy was issued to evade seizure.
Decrypt2026-04-07
Yuga Labs, Ryder Ripps, and Jeremy Cahen reach a settlement ending the RR/BAYC trademark litigation. The $9 million judgment had been vacated by an appeals court prior to settlement. Financial terms not disclosed. Cahen and Ripps permanently barred from using Yuga Labs trademarks.
CoinDeskDecision Log
- hash: 22KjQTBPFNFMjixQvcNjBsoniUjSCuuvPEnwdu3426d1
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 5/31/2026, 5:52:26 PM
last updated: 5/31/2026, 5:52:43 PM
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