One, Project Introduction

intodotspace is a Web3 project that has recently fallen into controversy and rights protection disputes. The project has been accused by users of 'soft exit', meaning that the project team has not fully closed the channels but has stopped normal operations and refused full refunds, and is currently in the community rights protection phase.

Two, Today's Hot Topics

1. The project is accused of 'soft exit': The core event is that the project team has been pointed out by users (such as 'Ice Baby Boss') to have stopped substantive operations without officially announcing a closure, resulting in investors' funds being trapped, and the community is organizing to defend their rights.

2. The refund plan is extremely unfair: The refund terms proposed by the project team contain serious tiered discrimination. According to user @sanyi_eth_, the refund ratio is divided into three levels, where the top 5% of large holders can only refund 11%-21% of their funds, leading to public outrage.

3, the source of refund funds is questionable: Analysis has pointed out that the millions used for the first wave of refunds by the project party may come from accounts it controls itself, rather than the project treasury, deepening the community's suspicion of premeditation.

4, KOLs and private investors suffer losses: The tweet mentions that the project has KOL rounds and private rounds, and these investors, usually regarded as 'internal rounds,' have also suffered losses, indicating that the issues may involve the project's fundamentals.

5, reflecting the low cost of wrongdoing in the Web3 industry: The event has become a typical case for discussing the low cost of fraud in the Web3 field. User @love_doge123 lamented the need to 'be cautious, cautious, and again cautious,' sharing their experience of losing over 300,000 in other projects.

6, community rights protection actions ongoing: Investors are trying to 'directly reach the project party,' but generally feel it is very difficult, highlighting the challenges of holding responsibility in a decentralized and anonymous environment.

7, alongside other recent loss events: This event has been compared by users to several recent projects or events, such as OKX, Starknet (Strk), and Aster, which have also caused investor losses, creating an overlay of negative market sentiment.

8, prompting reflection on investment allocation: The event has led investors to emphasize the need to make independent judgments based on various information and to manage fund allocation well, reiterating the market survival rule that 'information belongs to others, but money is one's own.'

Three, key data and indicators

According to the tweet information, the key disputed data of the project includes: the first batch of refund amount reaches 'several million'; the most unfair refund terms target the top 5% of large holders, setting the refund ratio at only 11% to 21%.

Four, project risks

The project currently faces extremely high financial risks and fraud risks. Clear information shows that the project party has stopped operations and refused fair refunds, presenting a highly exploitative refund plan, with investors' funds at significant risk of loss. Community rights protection progress is challenging, and the likelihood of successfully recovering funds is very low.

1, Queen of Defeat ~ @love_doge123 exposes the suspected soft rug pull of the @intodotspace project and shares personal experiences of losses in the Web3 field due to various projects, reminding users to invest cautiously.

https://x.com/love_doge123/status/2015042378898510091

2, sanyi.eth @sanyi_eth_ pointed out that the refund terms of the @intodotspace project are unfair, speculating that its early refund funds came from internal accounts, and criticizing its refund plan.

https://x.com/sanyi_eth_/status/2015234613392851202