ZachXBT: Strongly recommend staying away from Rain Protocol
Odaily reported that ZachXBT stated the on-chain addresses of the Rain Protocol team have crossed funding sources with failed projects such as TOMI and Data Ownership Protocol (DOP).
On-chain tracking shows that the Rain Protocol deployer's associated address (0xa35e...b8bc) and the TOMI team's multisig associated address (0xa810...d5d1) both transferred funds to the same address (0xbac1...4fb0) in October 2025. Additionally, the address that received DOP's multisig funds also remitted funds to this address. According to the report, projects such as TOMI and DOP can all be traced back to Moshe Hogeg, an Israeli founder previously detained on suspicion of crypto fraud. Currently, Rain Protocol has a total value locked of 27.2 million USD on Arbitrum, all in its native tokens, and its token price appears to have been manipulated via a Uni V3 LP address associated with the deployer.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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