Prior rug/exit-scam affiliation
OpenEden's assessment for RD-F-115 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
No core co-founder (Jeremy Ng, Duke Du) linked to prior rug or exit scam. Eugene Ng (co-founder, terminated Oct 2024) terminated for personal conduct, not crypto fraud. Jerome Augustine (biz-dev contractor, Jul–Oct 2024) is founder of Braq (2022–2023), a failed NFT fractionalization project where treasury NFTs were moved from a 2-of-3 multisig under disputed circumstances. The Block describes Braq community awaiting resolution; Augustine stated intent to repay. OpenEden characterized him as a consultant (not core team, no admin-key access). Yellow because a contractor with a disputed prior project was briefly associated with OpenEden, not meeting the red threshold of a confirmed rug affiliation for a core team member.
Sources #
- URLOpenEden's biz dev contractor was the founder of BraqThe Block — Braq contractor background and NFT treasury disputeretrieved 2026-05-16
- OpenEden Fires Co-Founder Amid Drugging Allegations in Hong KongCryptoTimes — OpenEden fires co-founder (Eugene Ng, personal conduct, no rug characterization)retrieved 2026-05-16
Methodology #
Determine whether any team member is linked via verified OSINT to a prior rug or exit-scam-labeled protocol.
See the full factor methodology and distribution across all protocols →