Refund

A casino wearing a builder’s name

Someone deployed a Base token using Sovra’s name and collected money from people who thought they were supporting the project. Gajesh: “we didn’t know. we didn’t consent. and we sure as hell aren’t keeping it.” An emergency upgrade refunded every fee-payer. He said it was the third time that month he had watched the pattern hit a legitimate builder.

Only named unwind so far. Proves the family is not Solana-only. The post is also a mechanism essay: tokens share a name with a product and nothing else, then the builder inherits the bagholders.

On the watch queue. Still a log entry — the binder does not prune.

Reported take: $17k traced and returned across 545 wallets (self-report)

Timeline

1. 21 Feb 2026Community account claims they “donated” ~$15k in an hour; he blocked them.
2. 21 Feb 2026 22:18 UTCGajesh refund thread. Tx 0x5a27caac… Cited CONWAY/Sigil (~$12M) and Steinberger.

Still unknown

• Independent verification of the refund tx and amounts.
• Which Base launchpad (Clanker/Bankr/other).
• Deployer identity. CONWAY/Sigil reconstruction.

Status: Refunded; public disavowal