Verify a decision

{"actor":"system:backfill","investigation_id":"7b79f354-a2d8-4603-a216-e3808afb96a3","kind":"publish","page_slug":"raidparty","published_at":"2026-09-18T12:03:49.271Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Raidparty","sections":[{"content":"Raidparty (marketed as RaidParty or Raid Party) was an on-chain idle MMO game built on the Ethereum blockchain. Players assembled teams of NFT heroes and fighters to battle AI bosses and earn the project's native ERC-20 token, Confetti (CFTI), passively. The game contract (0xfa209a705a4da0a240aa355c889ed0995154d7eb) was deployed on Ethereum and underwent eight documented upgrades between approximately March 2022 and late 2022, according to Etherscan data. The CFTI token contract (0xCfef8857E9C80e3440A823971420F7Fa5F62f020) shows 2,342 holders and a current market value of zero, consistent with the project having gone inactive. The project's about page listed a core team operating under pseudonyms: Zarch (biz-dev and marketing), Acme (head engineer, described as an ex-Coinbase engineer), Hasan (Solidity and security), Luke (UX and web), and community managers Shneeze and Jes. The team described itself as partially to fully doxxed through a MetaDrop partnership, though no legal identities are surfaced in publicly available sources reviewed for this investigation. A community analysis published by Grokstreet in 2022 noted structural vulnerabilities in the tokenomics, characterizing the project as exhibiting ponzi-like dynamics in which large investor exits would destabilize liquidity pools and collapse token value for remaining participants.","heading":"Project Background","severity":"medium","sources":[{"credibility":3,"name":"RaidParty: A Complete Guide | Avark","type":"other","url":"https://avark.agency/learn/raidparty-a-complete-guide"},{"credibility":2,"name":"RaidParty: Game Contract | Etherscan","type":"on_chain","url":"https://etherscan.io/address/0xfa209a705a4da0a240aa355c889ed0995154d7eb"},{"credibility":2,"name":"Confetti (CFTI) Token Tracker | Etherscan","type":"on_chain","url":"https://etherscan.io/token/0xcfef8857e9c80e3440a823971420f7fa5f62f020"},{"credibility":2,"name":"Raid Party About Page","type":"official","url":"https://raid.party/about"},{"credibility":3,"name":"The Rollercoaster of Raid Party | Grokstreet / Substack","type":"community_report","url":"https://grokstreet.substack.com/p/the-rollercoaster-of-raid-party"}]},{"content":"ZachXBT, an on-chain investigator whose findings have been cited by major crypto news outlets, alleged on September 18, 2026, that Raidparty conducted an approximately $70 million exit scam. The allegation was posted to X (formerly Twitter) and subsequently reported by PANews, KuCoin News, and Phemex News. The original ZachXBT post, published at approximately 08:58 UTC on September 18, 2026, stated that wallet addresses linked to the pseudonym 7zarc received a total of 4,870 ETH (valued at approximately $15 million at the time of transfer) sourced from addresses ZachXBT linked to the Raidparty project. Those funds were then transferred to deposit addresses at multiple centralized exchanges. ZachXBT publicly asked 7zarc to explain why the associated addresses received those funds and why they were moved to exchange deposit addresses. The $70 million figure cited across reporting refers to the alleged total exit-scam proceeds from the project; the 4,870 ETH ($15 million) is the subset ZachXBT linked to the 7zarc wallet cluster specifically. No independent on-chain verification by a second analyst had been published as of this investigation date. No court has found liability, no regulator has filed an action, and no admission has been made. These remain allegations based on ZachXBT's on-chain analysis.","heading":"Alleged Exit Scam","severity":"critical","sources":[{"credibility":2,"name":"ZachXBT accuses 7zarc of involvement in Raidparty's $70 million exit scam fund flows | PANews English","type":"news_article","url":"https://panews.io/articles/01a0b3bf-c811-778a-8203-ad98f1f779ec"},{"credibility":2,"name":"ZachXBT Accuses 7zarc of Handling $70 Million in Exit Scam Funds from Raidparty | KuCoin News","type":"news_article","url":"https://www.kucoin.com/news/flash/zachxbt-accuses-7zarc-of-handling-70m-usd-exit-scam-funds-from-raidparty"},{"credibility":2,"name":"ZachXBT Questions Raidparty's $70M Exit Scam Involving 4,870 ETH | KuCoin News","type":"news_article","url":"https://www.kucoin.com/news/flash/zachxbt-questions-raidparty-s-70m-usd-exit-scam-involving-4870-eth"},{"credibility":2,"name":"ZachXBT Claims 7zarc Linked to $70 Million Exit Scam Funds | KuCoin News","type":"news_article","url":"https://www.kucoin.com/news/flash/zachxbt-claims-7zarc-linked-to-70m-usd-exit-scam-funds"},{"credibility":2,"name":"ZachXBT: 7zarc allegedly involved in Raidparty's $70 million rug pull | PANews English","type":"news_article","url":"https://panews.io/articles/01a0b3cd-18bb-753b-83f5-d2afdb8a1be0"},{"credibility":2,"name":"ZachXBT Accuses 7zarc of Raidparty $70M Exit Scam Ties | Phemex News","type":"news_article","url":"https://phemex.com/news/article/zachxbt-links-7zarc-to-15m-in-raidparty-exit-scam-funds-97115"},{"credibility":2,"name":"ZachXBT on X (original post, September 18, 2026)","type":"social_media","url":"https://x.com/zachxbt/status/2100872156007821573"}]},{"content":"According to ZachXBT's September 18, 2026 investigation, the wallet cluster linked to the pseudonym 7zarc had been dormant since approximately 2022 — a period of roughly four years — before reactivating in September 2026. The reactivation coincided with transfers of 4,870 ETH to deposit addresses at multiple centralized exchanges. This pattern — dormancy followed by sudden movement to exchange deposit addresses — is consistent with laundering activity documented in other exit-scam post-mortems, in which actors wait for investigative attention to dissipate before attempting to cash out proceeds. Exchange compliance teams at any platform that received these deposits may have obligations under applicable anti-money laundering regulations depending on their jurisdiction, though no specific exchange has been publicly named in reporting reviewed for this investigation. Whether the funds have been frozen, flagged, or successfully converted as of this date is not established in the public record. ZachXBT's public demand for 7zarc to explain the fund flows had received no public response from 7zarc as of the investigation date (September 18, 2026).","heading":"Dormant Fund Movement and Active Laundering Signal","severity":"critical","sources":[{"credibility":2,"name":"ZachXBT accuses 7zarc of involvement in Raidparty's $70 million exit scam fund flows | PANews English","type":"news_article","url":"https://panews.io/articles/01a0b3bf-c811-778a-8203-ad98f1f779ec"},{"credibility":2,"name":"ZachXBT Accuses 7zarc of Handling $70 Million in Exit Scam Funds from Raidparty | KuCoin News","type":"news_article","url":"https://www.kucoin.com/news/flash/zachxbt-accuses-7zarc-of-handling-70m-usd-exit-scam-funds-from-raidparty"},{"credibility":2,"name":"ZachXBT on X (original post, September 18, 2026)","type":"social_media","url":"https://x.com/zachxbt/status/2100872156007821573"}]},{"content":"ZachXBT's investigation named a pseudonym, 7zarc, as the entity whose associated wallet addresses received the alleged exit-scam proceeds. PANews English reporting noted that 7zarc was described as a figure from the sneaker-reselling community before entering crypto. The project's official about page listed a core team member named 'Zarch' as the lead for business development and marketing, described as a 'growth marketer and NFT tinkerer.' The similarity between the pseudonyms 'Zarch' (listed team lead) and '7zarc' (ZachXBT's named target) has been noted across community discussion, but no source reviewed for this investigation explicitly equates the two individuals with verifiable evidence. This page treats them as potentially but not confirmed to be the same person. No real-world identity has been publicly established for either pseudonym. ZachXBT did not publicly name a legal identity in reporting available as of this investigation date.","heading":"Pseudonym 7zarc: Identity and Connections","severity":"high","sources":[{"credibility":2,"name":"Raid Party About Page","type":"official","url":"https://raid.party/about"},{"credibility":2,"name":"ZachXBT: 7zarc allegedly involved in Raidparty's $70 million rug pull | PANews English","type":"news_article","url":"https://panews.io/articles/01a0b3cd-18bb-753b-83f5-d2afdb8a1be0"},{"credibility":2,"name":"ZachXBT Accuses 7zarc of Raidparty $70M Exit Scam Ties | Phemex News","type":"news_article","url":"https://phemex.com/news/article/zachxbt-links-7zarc-to-15m-in-raidparty-exit-scam-funds-97115"}]},{"content":"The CFTI token (Confetti) currently trades at effectively zero value with no active market cap, based on Etherscan token tracker data. The game contract holds zero ETH, and the most recent on-chain transaction was recorded in May 2024, suggesting the project's on-chain activity has been minimal or absent for over a year prior to the September 2026 allegations surfacing. The contract used an upgradeable proxy pattern with eight documented upgrades, a design that grants deployers significant control over contract logic — a structural risk factor often cited in exit-scam post-mortems. No smart contract audit is listed on Etherscan for either contract. The CFTI contract includes mint and burn capabilities with role-based access control, meaning the deployer or assigned minter roles could have influenced token supply.","heading":"Token and Contract Status","severity":"high","sources":[{"credibility":2,"name":"Confetti (CFTI) Token Tracker | Etherscan","type":"on_chain","url":"https://etherscan.io/token/0xcfef8857e9c80e3440a823971420f7fa5f62f020"},{"credibility":2,"name":"RaidParty: Game Contract | Etherscan","type":"on_chain","url":"https://etherscan.io/address/0xfa209a705a4da0a240aa355c889ed0995154d7eb"}]},{"content":"As of September 18, 2026, no public court filings, SEC enforcement actions, CFTC actions, DOJ indictments, or other regulatory proceedings related to Raidparty or any of its pseudonymous team members have been identified in sources reviewed for this investigation. The exit-scam allegation exists entirely in the public record as an accusation by a private on-chain investigator, not as an adjudicated legal finding. Law enforcement engagement, if any, has not been publicly disclosed. Victims seeking legal recourse or exchanges seeking to comply with AML obligations should consult independent legal and compliance counsel. This page will be updated if regulatory or legal proceedings are publicly identified.","heading":"Regulatory and Legal Status","severity":"medium","sources":[{"credibility":2,"name":"ZachXBT Accuses 7zarc of Handling $70 Million in Exit Scam Funds from Raidparty | KuCoin News","type":"news_article","url":"https://www.kucoin.com/news/flash/zachxbt-accuses-7zarc-of-handling-70m-usd-exit-scam-funds-from-raidparty"}]},{"content":"A community analysis published on Substack by Grokstreet during the project's active period characterized RaidParty's token-burning mechanics as exhibiting ponzi-like structural fragility. The design required continuous new entrant spending to sustain yields; when large investors exited, the liquidity pool nearly failed and recovery required active propping. The author noted that whales could not withdraw profits without collapsing the system, which is a classic structural indicator of unsustainable token economics. These structural risks do not by themselves constitute evidence of intentional fraud but are consistent with the conditions that enable exit scams and are documented here as a material risk signal for prospective investors evaluating similar projects.","heading":"Tokenomics and Structural Risk Indicators","severity":"high","sources":[{"credibility":3,"name":"The Rollercoaster of Raid Party | Grokstreet / Substack","type":"community_report","url":"https://grokstreet.substack.com/p/the-rollercoaster-of-raid-party"}]}],"sources_used":[{"credibility":2,"name":"ZachXBT accuses 7zarc of involvement in Raidparty's $70 million exit scam fund flows | PANews English","type":"news_article","url":"https://panews.io/articles/01a0b3bf-c811-778a-8203-ad98f1f779ec"},{"credibility":2,"name":"ZachXBT: 7zarc allegedly involved in Raidparty's $70 million rug pull | PANews English","type":"news_article","url":"https://panews.io/articles/01a0b3cd-18bb-753b-83f5-d2afdb8a1be0"},{"credibility":2,"name":"ZachXBT Accuses 7zarc of Handling $70 Million in Exit Scam Funds from Raidparty | KuCoin News","type":"news_article","url":"https://www.kucoin.com/news/flash/zachxbt-accuses-7zarc-of-handling-70m-usd-exit-scam-funds-from-raidparty"},{"credibility":2,"name":"ZachXBT Questions Raidparty's $70M Exit Scam Involving 4,870 ETH | KuCoin News","type":"news_article","url":"https://www.kucoin.com/news/flash/zachxbt-questions-raidparty-s-70m-usd-exit-scam-involving-4870-eth"},{"credibility":2,"name":"ZachXBT Claims 7zarc Linked to $70 Million Exit Scam Funds | KuCoin News","type":"news_article","url":"https://www.kucoin.com/news/flash/zachxbt-claims-7zarc-linked-to-70m-usd-exit-scam-funds"},{"credibility":2,"name":"ZachXBT Accuses 7zarc of Raidparty $70M Exit Scam Ties | Phemex News","type":"news_article","url":"https://phemex.com/news/article/zachxbt-links-7zarc-to-15m-in-raidparty-exit-scam-funds-97115"},{"credibility":2,"name":"ZachXBT on X (original investigation post, September 18, 2026)","type":"social_media","url":"https://x.com/zachxbt/status/2100872156007821573"},{"credibility":2,"name":"Confetti (CFTI) Token Tracker | Etherscan","type":"on_chain","url":"https://etherscan.io/token/0xcfef8857e9c80e3440a823971420f7fa5f62f020"},{"credibility":2,"name":"RaidParty: Game Contract | Etherscan","type":"on_chain","url":"https://etherscan.io/address/0xfa209a705a4da0a240aa355c889ed0995154d7eb"},{"credibility":2,"name":"Raid Party About Page","type":"official","url":"https://raid.party/about"},{"credibility":3,"name":"RaidParty: A Complete Guide | Avark","type":"other","url":"https://avark.agency/learn/raidparty-a-complete-guide"},{"credibility":3,"name":"The Rollercoaster of Raid Party | Grokstreet / Substack","type":"community_report","url":"https://grokstreet.substack.com/p/the-rollercoaster-of-raid-party"}],"summary":"Raidparty was an Ethereum-based play-to-earn idle MMO game launched in approximately 2021, featuring NFT heroes and fighters and a native token called Confetti (CFTI). On-chain investigator ZachXBT alleged in September 2026 that approximately $70 million was misappropriated in an exit scam, and identified a dormant wallet cluster linked to the pseudonym 7zarc moving 4,870 ETH (approximately $15 million) of alleged exit-scam proceeds to centralized exchange deposit addresses after roughly four years of inactivity. No arrests, regulatory actions, or court filings have been publicly identified as of the investigation date; the allegations originate from ZachXBT's on-chain analysis and have not been adjudicated.","timeline":[{"date":"2021-01-01","event":"RaidParty project launched on Ethereum (approximate; exact launch date not established in reviewed sources). CFTI token and NFT hero/fighter mechanics introduced.","source":"Avark RaidParty Complete Guide; Etherscan contract data","source_url":"https://avark.agency/learn/raidparty-a-complete-guide"},{"date":"2022-03-01","event":"Game contract deployed or began upgrades on Ethereum; eight contract upgrades documented between approximately March 2022 and late 2022.","source":"RaidParty: Game Contract | Etherscan","source_url":"https://etherscan.io/address/0xfa209a705a4da0a240aa355c889ed0995154d7eb"},{"date":"2022-03-25","event":"Avark publishes a project guide noting CFTI trading between $25-$35, with top players earning approximately 60 CFTI daily.","source":"RaidParty: A Complete Guide | Avark","source_url":"https://avark.agency/learn/raidparty-a-complete-guide"},{"date":"2022-11-15","event":"Snapshot taken for RaidParty 2.0 migration covering Genesis Heroes, Heroes, Fighters, and CFTI holders.","source":"Avark RaidParty Complete Guide","source_url":"https://avark.agency/learn/raidparty-a-complete-guide"},{"date":"2022-12-31","event":"Pseudonym 7zarc allegedly disappeared from public view, according to ZachXBT's September 2026 investigation. Project activity began declining around this period.","source":"ZachXBT on X (September 18, 2026)","source_url":"https://x.com/zachxbt/status/2100872156007821573"},{"date":"2024-05-01","event":"Last recorded transaction on the RaidParty game contract (a reward claim), suggesting effective cessation of on-chain activity.","source":"RaidParty: Game Contract | Etherscan","source_url":"https://etherscan.io/address/0xfa209a705a4da0a240aa355c889ed0995154d7eb"},{"date":"2026-09-18","event":"ZachXBT publishes on-chain investigation on X alleging that addresses linked to pseudonym 7zarc received 4,870 ETH (~$15M) from wallets associated with Raidparty's alleged $70M exit scam, with those funds subsequently moved to centralized exchange deposit addresses after approximately four years of dormancy. ZachXBT publicly demands 7zarc explain the fund flows.","source":"ZachXBT on X; PANews English; KuCoin News; Phemex News","source_url":"https://x.com/zachxbt/status/2100872156007821573"},{"date":"2026-09-18","event":"Multiple crypto news outlets (PANews, KuCoin News, Phemex News) publish reports on ZachXBT's allegations. 7zarc does not provide a public response as of this date.","source":"PANews English; KuCoin News; Phemex News","source_url":"https://panews.io/articles/01a0b3bf-c811-778a-8203-ad98f1f779ec"}]},"v":1}