Just as discussions around Sui DeFi were reignited by Walrus’s high annualized subsidies, a serious internal strife has erupted within the ecosystem’s lending agreements. Elliscopef, the founder of NAVI Protocol, has been accused of using fake accounts to continuously spread FUD messages about the competing product Scallop within the Sui Chinese community. Chris, the founder of Scallop, has pointed out that the account spreading FUD messages, known as T, is actually Elliscopef himself. He expressed dissatisfaction, stating that while both are competing lending agreements, SuiLend is a builder on Sui, whereas NAVI is a tumor on Sui. Chain News has reached out to NAVI for verification, but the official response is currently not available.
(Walrus Leads the Spring of Sui DeFi! An article to understand the current on-chain DeFi mining opportunities with four-digit annualized returns)
NAVI Founder Uses Fake Accounts to FUD Competitors? Scallop Blasts NAVI as a Tumor on SUI
Chat records show that a user named T has been continuously complaining about Scallop in the Sui Chinese community, suggesting that the official team is about to dump their assets. T even spread FUD about Scallop, claiming that the protocol has already changed hands.
T is also part of the Suinami Riders group, one of the earliest developer groups on Sui. Further investigation reveals that it was Elliscopef who invited T into the Suinami Riders group, indicating a significant degree of interaction between Elliscopef and T. Subsequently, T invited Rekkles J from the NAVI team into the group, and chat records also show that T had shared NAVI’s posts with Sui co-founder Adeniyi in the group.
The NAVI team does not acknowledge T as a team member.
The evidence suggests a close relationship between T and the NAVI team. The founder of Scallop has also sought an explanation from Elliscopef on Twitter, but it appears he has been blocked. Leaked chat records also show that the NAVI team is distancing itself from T.
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