Kadena Scandal: The Secret Behind the Fall of the Crypto Project that Deceived Everyone!
Imagine a crypto project promising a technological revolution, claiming to be able to process 480,000 transactions per second, led by a team of JP Morgan experts, and raising over 15 million dollars in funding… but suddenly it goes bankrupt and people eventually discover that everything was 'illusory', investors lost their money, and the team walked away with millions in profits? This is simply the story of Kadena, the project that went from 'the hope of crypto' to the biggest fraud scandal in 2025!
The dazzling start and alluring promises
The Kadena project launched in 2019, marketing itself as a revolutionary blockchain that combines security and lightning speed (they boasted 480,000 transactions per second), along with fictitious partnerships with major institutions, and its core team was from some of the largest banks in the world. This talk attracted thousands of investors and pushed the price of the currency up, reaching a peak of $27 in November 2021. However, the reality was completely different!
The exposure: False numbers and 'laughable' revenues!
The last month before the closure had total project earnings of only $27!
Most of the partnerships and advertisements were just noise to convince investors.
The blockchain was actually 'empty' of users and wallets (numbers on paper only).
Scandals and shocking truths from within Kadena
The founder is sued by his family: He borrowed money from them to fund the project and then pretended not to know them after the currency's rise!
Sold at the peak: The core team, especially Francesco Melpignano,
