TurtleDex
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anchored·39FHe1…SmbtSummary
TurtleDex was a purported decentralized cloud storage protocol launched on Binance Smart Chain (BSC) in March 2021. The project raised approximately 9,000 BNB (roughly $2.5 million) in a presale on March 15, 2021, then executed an exit scam on or around March 19, 2021, draining liquidity pools on PancakeSwap and ApeSwap, converting the proceeds to ETH, and disappearing entirely. The team's identities were disclosed only under pseudonyms in a pre-launch AMA, and no funds were recovered.
Connected Entities
6 entities · 60 linked investigations- TurtleDex→mentioned with→Binance(80%)
- TurtleDex→mentioned with→Cointelegraph(65%)
- TurtleDex→mentioned with→Amazon Web Services(80%)
- TurtleDex→mentioned with→Changpeng Zhao(80%)
- TurtleDex→mentioned with→Meerkat Finance(80%)
- Binance→mentioned with→Changpeng Zhao(80%)
- Meerkat Finance→mentioned with→Binance(70%)
- Meerkat Finance→mentioned with→TurtleDex(60%)
- Changpeng Zhao→mentioned with→Binance(80%)
Connected Through
6 shared actors · 541 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □Binanceorganization
- ♦Cointelegraphtoken
- □Changpeng Zhaoorganization
- □Amazon Web Servicesorganization
Timeline(7 events)
21 February 2021
TechRate completes smart contract audit of TurtleDex, finding no severe security issues.
CryptoPotato / Bitcoin.com News10 March 2021
TurtleDex co-founders participate in an AMA hosted by Crypto Royals on Medium, presenting under pseudonyms 'Leonardo' (CEO) and 'Donatello' (CTO).
Medium — Crypto Royals AMA with TurtleDex15 March 2021
TurtleDex presale opens on Binance Smart Chain. Raises 9,000 BNB (approximately $2.4–2.5 million) in roughly two hours. TTDX token listed on PancakeSwap and ApeSwap.
Decrypt / CryptoSlate19 March 2021
TurtleDex team drains liquidity from TTDX pools on PancakeSwap and ApeSwap. Funds converted to ETH, split across nine wallets, and routed to Binance exchange wallets. TTDX token collapses to near zero. TurtleDex website, Telegram, Twitter, and GitHub all go dark simultaneously.
Decrypt / CryptoSlate / CoinTelegraph19 March 2021
JetFuel Finance confirms the rug pull on Twitter and publishes a Medium post announcing TurtleDex delisting and a commitment to develop stricter partner vetting with ApeSwap.
JetFuel Finance Medium20 March 2021
Major crypto news outlets — Decrypt, CoinTelegraph, CryptoSlate, CryptoPotato, Bitcoin.com News — publish coverage of the TurtleDex exit scam.
Multiple Tier 2 sourcesDecision Log
- slot 423509434 · hash Nbb4Sk5woMDU4pvTEbFcauWcVjbWwYGLrLX9BSmgrn2
- slot 423509430 · hash FNoEQrytV79z668BrwKfK4WdbZnx8LwBQmadXKicJKpn
- slot 423441639 · hash Be3rAyABvWcGdEfKpf661gQgoipNQEkvWYVGapk6ofz9
This investigation is cryptographically anchored to the Solana blockchain (3 decisions). 9 of 12 cited source URLs have an Internet Archive snapshot.
model: claude-code-investigator
generated: 5/31/2026, 7:53:36 PM
last updated: 5/31/2026, 7:53:36 PM
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