In a development that has sent shockwaves through the cryptocurrency and NFT market, Kevin Pawlak, the Head of Ventures at OpenSea, is facing serious allegations. According to a report by NFT Ethics, Pawlak has been involved in questionable business activities under his pseudonymous identity, @0xSisyphus and 0xMagellan.
Moreover, the tweet claims that Pawlak tried to influence decisions at OpenSea without disclosing his employment status, thereby benefiting from those decisions. The allegations also extend to his involvement with Alameda Research and the Anubis rug pull event that took place in October 2021, where $60 million worth of Ethereum was transferred to a wallet.
Synchronized activities and blockchain data: The plot thickens
Furthermore, Lookonchain has further intensified the scrutiny. They revealed that data on the blockchain shows an address starting with “0xBB5B” registered kevinpawlak.eth, pavvlak.eth, pawlak.eth, and kevinpawlak.eth on October 4, 2021, leading to speculations that the wallet may belong to Kevin Pawlak.
According to their analysis, this address and sisyphus.eth engaged in synchronized activities, including minting Zorbs (ZORB) and registering sismo.eth DAO (SDAO) within minutes of each other.
Additionally, Lookonchain analysis revealed that both addresses claimed and sold $ENS on the same day. This has led to speculation that these addresses may belong to the same individual, potentially Kevin Pawlak.
Reports suggest “Sisyphus” may also be Kevin Pawlak, as The Block journalist Tim Copeland confirmed.
If these allegations are true, it could mean that an OpenSea executive is involved in market manipulation and scams, a revelation that could have far-reaching implications for the NFT marketplace and the broader digital asset community.
The tweets by NFT Ethics and Lookonchain have garnered significant attention, with hundreds of thousands of views and numerous reposts and likes. Consequently, these allegations have ignited a debate about the ethical considerations surrounding influential figures in the NFT and cryptocurrency sectors.
OpenSea, a major player in the NFT marketplace, has yet to issue a statement in response to these allegations. The company’s silence on the matter has increased speculation and concern among its users and investors.
