Community Concerns - Public Disclosure #1 - Exchequer RBTC to OKEx

General Commons
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On Dec 04 2025 09:35:49 AM a transaction sent 12 BTC from Exchequer to 0xD9ECb390a6A32aE651D5C614974C5570c50a5D89 (from here on 0xD9).

On Dec 04 2025 21:04:32 PM 0xD9 through pow-peg transferred 12 BTC to Bitcoin address 1BVZ13Q7C66UUKsUUq3ReaauJsH9JXxQam

On 07 Dec 2025 07:46:54 1BVZ transferred 11.99899292 BTC to address bc1qccy9mn9h2ed6sjf7pvx7af6zc7zax0qaegadw5. Address bc1…adw5 is tagged as OKEx wallet and also shows many sweep transactions with other addresses tagged as OKEx wallet. These sweep addresses have received 50k+ to millions of BTC also confirming they’re exchange addresses.

On Jan 22 2026 11:03:00 AM Exchequer sent 6.729820437622064715 BTC to 0xD9. 0xD9 then transferred 6.720622283151417873 BTC through powpeg again to Bitcoin address 1BVZ

On 23 Jan 2026 03:49:58 1BVZ transferred 6.72047804 BTC again to tagged OKEx wallet bc1…adw5.

On Jan 24 2026 09:04:55 AM Exchequer transferred the remaining 4.4166 BTC to 0xD9. 0xD9 then transferred 4.420050650562483275 BTC through powpeg to Bitcoin address 1BVZ.

On 27 Jan 2026 04:14:14 1BVZ transferred 4.42002177 BTC again to tagged OKEx wallet bc1…adw5.

Exchequer now sits with a balance of about $200k, most of which is value from SOV tokens (~$125k).

Over 2 months almost $2mm worth of BTC @$85,000 BTC/USD has left Exchequer and into OKEx - a platform most widely known for futures trading. After Bitcoin fell in early February (hitting $60k on Feb 5), on Feb 17 @yago announced to the forum the need to take over the FeeSharingCollector contract: https://forum.sovryn.com/t/staking-update-temporary-adjustment-to-staking-rewards

The recent significant decline in BTC price has materially impacted our operational position and requires a prudent adjustment to ensure the project’s longevity.

I think the community would greatly appreciate an honest response from @Armando or @yago on the details of what happened. An honest response would help stop the speculation and assumptions of bad intentions. We can all understand feeling financially pressured, compounding mistakes, and holding a trade for far too long. Also a comment on how going forward sending the FeeSharingController protocol fees to GovernorVault (a contract controlled by bitocracy) could help mitigate the risks of even the best intentions. Please understand SIP-0088 is crafted specially to address this. The community is hoping we have your support in making more positive decisions going forward.

Thanks all for your support and help in building a stronger community!

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Community Concerns - Public Disclosure #2 - Founding Member SOV Collateral Loan
Community Concerns - Public Disclosure #3 - Exchequer Total Assets Withdrawn
SIP-0088 Emergency Revert FeeSharingCollector Changes and Set New Proxy Contract Ownership to Bitocracy
SIP-00XX: Ratification of Temporary Revenue Redirection to Exchequer
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Anyone even knew that exchequer was trading on a cex? I mean.. seriously? Yago?

Community also very probably would have helped in finding better market entries to gamble treasury.

(Seems like longing the top on leverage?)

Is that the reason Armando doesn’t know yet how to come up with the loong overdue financial statement? Not much financial anymore.. so it’ll be just statement at least.

This findings of Brianna (thank you so much for your efforts) are drawing a very very dark picture about leadership, exchequer and guardians (if it’s not all the same actors anyways)

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Exchanges can effectively be used as mixers. Maybe those funds were just sent to okex so the trail could go cold before they were forwarded to their actual destination. Or maybe just degen futures trading. Goodness me. New lows on the chart, new lows off the chart. Impressive for Sovryn

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Yes, and it seems new all time lows are constantly made on ethics as well.

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new lows in lies burying themselfs stacked against overwhelming evidence

if there was nothing to hide, everyday that goes by without having a detailed financial report counts as one more attempt trying to further hide & lie their way out of this (once again, as the many times previously as well)

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10 days later.. I think anyone who already was concerned about leavership got their answers quite loud and clear.

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Plain and simple fraud. This is a very sad reality to have to face after 5 years as a staker for this project. I really sincerely wish leadership the very best of karma.

Hopefully an investigative journalist will pick this up. We should also reach out to some YouTubers who cover scams like this.

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