[REP] - Mexo Address

[kingschmidty]

What type of Algorand key?

Account (Wallet Address)

Key

ZY6BN6YYKBPQHRIWKJPAKUWUHITBZ5TMIURC7IXUJ7QM6VFRGDGA3QB7N4

Details

I believe that ZY6BN6YYKBPQHRIWKJPAKUWUHITBZ5TMIURC7IXUJ7QM6VFRGDGA3QB7N4 was a Mexo address.

Here are two txns which transfer funds to ZY6B, https://allo.info/tx/DEVAA6A5C5JRMX3HFX3L733LTD2JPPS47AHOUBSAAZVNZZDUYQHQ and https://allo.info/tx/QGW7GFOZ5PQPHBE6SFHSBFVO7JG2KZ62YU7REYOWNPIERU2OD7UQ. Both txns list mexo in the transaction notes, and the recipients transfer to ZY6B.

This address is no longer active. It's last outflows went to EZFO, which is a Huobi deposit address, https://allo.info/account/EZFOG5Y36FJYICAK5NNSVK32GE7DGIM7V3QEMUQRFPDMQFQJCPFAW2BDI4/txns. Also, the largest outflows go to Huobi, https://flow.algo.surf/address/JS2WPLOFKJY5K6MATZLPECX7CVC4TOJWLOKC3TK4UBZQFH6AHBCALFS4FA, https://flow.algo.surf/address/UZ5YKNOAR2A26G7VC2XKX3X3ZW4OSXMV3DIHTJEWRAOWTM5VZWGMBH6YLE, and https://flow.algo.surf/address/4HJZOLIIAM544FJOZ6OO6L7C4V4QR57EAD3P7CDPHUIS36EAX27KPMRBKE. This makes sense with ZY6B being a Mexo address. Mexo was largely funded by the Krypital Group, https://finance.yahoo.com/news/krypital-group-enter-latam-cryptocurrency-211000138.html. The Krypital Group has serves Chinese investors, https://krypital.com/zh.

One piece of counter-evidence is that MEXO was set to launch in August 2020, https://finance.yahoo.com/news/nearly-half-americans-absolutely-wrong-180000296.html. However, the ZY6B address was initially funded and before this date, https://allo.info/account/ZY6BN6YYKBPQHRIWKJPAKUWUHITBZ5TMIURC7IXUJ7QM6VFRGDGA3QB7N4/txns?sorting=ROUND_ASC. Some of the earliest transactions on this account are a bit odd though. Some early outflows seem to send to Huobi, Okex, Pionex, and Hoo deposit addresses, as early as June 2019, https://allo.info/account/Y2TNWR4OUBUDTHZVHODSEBDZJVFTSYFDORDCEJLJ634JBIP4WXT5GZBQFI/txns, https://allo.info/account/6HFA6SOVTGTNJQ3M2QR75BJQB4REQ4KVSXT2JY2IXYQH22LU66J5Z52ZJE/txns, https://allo.info/account/QRRGCDADEAU64WYIOPG232W3GX7T2OC2QU5ALSKYC7ZLP2VAAC3AA55JX4/txns, https://allo.info/account/23ASNPD27KF3O6JAWHO5RGIQ5JDCT53E6WZGOPVSRRTHLIOIRGNPQIYUNU/txns. These would be odd txns for an exchange to make and prior to their official start as well. It could be that the address was a Krypital Group address, prior to being used for Mexo, then it was used as a Mexo address, up through 12/12/21. That seems like a reasonable understanding of the address usage.

Overall, the two transaction notes point to ZY6B being a Mexo Address (both txns occured after the official Mexo start date). The outflows point to a Asian market maker, which could make sense with the Krypital Group being behind the funding of the Mexo exchange. There are reasons to be cautious about assigning this address, but I find the assignment with Mexo to be reasonable.

[kirse]

I think it's an overall good argument, I'd rather "overlabel" anyway and correct in the future if additional evidence changes things