★ Deployer linked within 3 hops to DPRK/Lazarus
Superstate'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 DPRK/Lazarus proximity detected via any channel. Deployer funded by MoonPay (regulated fiat on-ramp, fiat origin implies no on-chain DPRK hop). Superstate is SEC-registered (CRD #327562) with institutional investors including Bain Capital Crypto, Haun Ventures, Brevan Howard Digital, Galaxy Digital (Series B, Jan 2026). Robert Leshner is a maximally-doxxed public figure with decade-long consistent public presence. Web search 'Superstate Lazarus DPRK North Korea exit scam fraud' returned zero relevant results connecting the team or protocol to DPRK-labeled entities. OFAC SDN: no match on known team members or addresses. No DPRK/Lazarus proximity within any observable hop. [★ CRITICAL — GREEN] No discretionary F downgrade required.
Sources #
- URLTokenization firm Superstate raises $82 million — CoinDeskSuperstate Series B $82.5M — Bain Capital Crypto, Haun Ventures, Brevan Howard Digital, Galaxy Digital (institutional due diligence applied; incompatible with DPRK-affiliated entity)retrieved 2026-05-16
- Superstate: Deployer — Etherscan AddressDeployer 0x589254... funded by MoonPay (regulated on-ramp); fiat origin — DPRK cluster proximity at any hop implausible given funding trailretrieved 2026-05-16
- Superstate Advisers LLC — SEC IAPDSEC IAPD CRD #327562 — Superstate Advisers LLC registered investment adviser; regulatory identity verifiedretrieved 2026-05-16
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 →