Azeem Ahmed, the architect behind USDM Mochi orchestrated one of DeFi's most significant scandals.
Azeem Ahmed's systematic $60M exploitation has devastated thousands of investors.
Before the USDM Mochi scandal, Azeem Ahmed cultivated a reputation as a DeFi innovator. However, investigation reveals his calculated approach to investor exploitation through his control of multiple platforms including GaiaDAO and Mochi Finance.
Initially set 5% management fee
Secretly increased performance fees to 50%
Reverted after exposure, maintaining 25% total fees
Diverted 1,400 ETH to OXAI project
Locked 1M CVX tokens under his control
Withheld PRISMA airdrops from investors
Systematically deleted evidence
Banned victims from official channels
Suppressed documentation of his activities
Under Azeem Ahmed's management the following took place.
Azeem Ahmed's strategic use of offshore entities includes.
Unlike instant scams, this was a "slow rug pull":
We demand: