Verify a decision

{"actor":"system:backfill","investigation_id":"2399410f-06f1-4b52-910b-12e3d8e20e72","kind":"publish","page_slug":"giddy","published_at":"2026-05-26T19:24:41.687Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Giddy","sections":[{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://giddy.co/","type":"other","url":""},{"credibility":3,"name":"https://bravenewcoin.com/insights/giddy-building-the-new-financial-frontier","type":"other","url":""},{"credibility":3,"name":"https://www.utahbusiness.com/archive/2023/01/31/ftx-crash-giddy-crypto-wallet-stablecoin-utah-based/","type":"other","url":""},{"credibility":3,"name":"https://finbold.com/review/giddy-app-review/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.prnewswire.com/news-releases/giddy-launches-giddy-token-to-accelerate-mainstream-defi-adoption-301520312.html","type":"other","url":""},{"credibility":3,"name":"https://coinmarketcap.com/currencies/giddy/","type":"other","url":""},{"credibility":3,"name":"https://www.coingecko.com/en/coins/giddy","type":"other","url":""},{"credibility":3,"name":"https://www.bybit.com/en/price/giddy/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.coindesk.com/business/2023/04/27/crypto-wallet-giddy-raises-new-69m-funding-to-further-self-custody-adoption","type":"other","url":""},{"credibility":3,"name":"https://newsroom.siliconslopes.com/news/giddy-smart-wallet-mainstream-defi-adoption/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://giddy.co/","type":"other","url":""},{"credibility":3,"name":"https://cryptorank.io/news/giddy","type":"other","url":""},{"credibility":3,"name":"https://play.google.com/store/apps/details?id=com.getdefiq.giddy&hl=en_US","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://finbold.com/review/giddy-app-review/","type":"other","url":""},{"credibility":3,"name":"https://slashdot.org/software/p/Giddy/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://medium.com/@mylearnincurv/a-comprehensive-review-of-giddy-recoverable-wallets-and-the-self-custody-narrative-577ef92608ae","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://finbold.com/review/giddy-app-review/","type":"other","url":""},{"credibility":3,"name":"https://www.fincen.gov/resources/money-services-business-msb-registration","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://en.wikipedia.org/wiki/ZachXBT","type":"other","url":""}]}],"sources_used":[],"summary":"Giddy (also branded DefiQ, Inc.) was a Draper, Utah-based self-custody DeFi wallet and yield-farming platform that launched its GDDY token on the Polygon network in April 2022. The project raised over $15 million from VC investors including Pelion Venture Partners, but has since shut down — leaving the GIDDY token trading more than 99% below its all-time high of approximately $0.35 in May 2022. ZachXBT has flagged the entity as a concern in the crypto trust-intelligence space, and community reviews allege that team members sold tokens prior to the app's public launch and that advertised staking yields were never delivered.","timeline":[{"date":"2021-05-01","event":"Giddy (DefiQ, Inc.) founded by Eric Parker and Ethan Parker in Draper, Utah.","source":""},{"date":"2022-04-07","event":"GIDDY token launched on the Polygon network via Token Generation Event (TGE).","source":""},{"date":"2022-04-10","event":"Token Generation Event (TGE) concluded; token listed on Polygon DEXes.","source":""},{"date":"2022-04-01","event":"Giddy announces $8 million seed round led by Pelion Venture Partners, with notable angel investors including Geremy Mustard (Fortnite co-creator).","source":""},{"date":"2022-05-09","event":"GIDDY token reaches all-time high of approximately $0.35 on Polygon DEXes.","source":""},{"date":"2022-11-01","event":"FTX collapses; Giddy publicly positions itself as a safer self-custody alternative, with 100,000 users on waitlist.","source":""},{"date":"2023-01-31","event":"Utah Business publishes article noting Giddy was unaffected by FTX collapse but some Utah crypto investors lost big in the broader market.","source":""},{"date":"2023-04-01","event":"GIDDY staking rewards distribution program ends (12-month distribution of 57% of supply concludes).","source":""},{"date":"2023-04-27","event":"Giddy raises additional $6.9 million round with continued Pelion, Peak, and Clarke Capital participation, bringing total funding to over $15 million.","source":""},{"date":"2023-11-22","event":"Last documented Giddy news/activity entry on CryptoRank tracker.","source":""},{"date":"2024-01-01","event":"Estimated period when Giddy ceased active operations (exact date not publicly confirmed).","source":""},{"date":"2026-05-01","event":"giddy.co displays only a shutdown notice; GIDDY token trading at approximately $0.0001 or below — more than 99.9% below all-time high.","source":""}]},"v":1}