★ Deployer linked within 3 hops to DPRK/Lazarus
Balancer (v2 + v3)'s assessment for RD-F-125 — scored green on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
No OFAC SDN designation for any Balancer wallet. No Chainalysis published Lazarus attribution or US Treasury press release links any Balancer address to the DPRK/Lazarus cluster. Fully doxxed founding team (Fernando Martinelli, Mike McDonald) with 7+ year verifiable professional histories is inconsistent with nation-state implant profile. Corporate wind-down is financial/liability-driven post-$128M exploit, not DPRK-connected. Web search across multiple formulations returns zero adverse results. No escalation required.
Sources #
- URLBalancer Labs to shut down — CoinDesk 2026-03-24CoinDesk Balancer Labs wind-down — confirms financial/legal rationale, no DPRK connectionretrieved 2026-05-05
- OFAC SDN List — Treasury.govOFAC SDN list — no Balancer addresses; DPRK sanctions pageretrieved 2026-05-05
- Fernando Martinelli — IQ.wikiFernando Martinelli IQ.wiki profile — Portuguese/Brazilian doxxed founder, inconsistent with DPRK implantretrieved 2026-05-05
Methodology #
Determine whether the deployer address has an on-chain path of ≤3 hops to a Chainalysis/OFAC DPRK-labeled cluster address.
See the full factor methodology and distribution across all protocols →