Project Opsec Cloud relaunched all its assets and smart contracts following the resignation of its CEO and parts of its team. The project, an AI-powered security hub, was exposed for discrepancies by on-chain investigator ZachXBT.
Project Opsec Cloud is relaunching with a new logo, asset, and contract address after its CEO and team resigned. The project, which aimed to build an AI-powered cyber security hub, shut down its original assets and is planning a buyback.
Opsec Cloud was exposed in a recent investigation by ZachXBT, tying it to a network of aggressively promoted tokens. Just two weeks after the investigation, Chris Williams, the CEO of Opsec Cloud, resigned from the project.
The OPSEC token has been defunct since July, when the scam project was exposed at first. OPSEC has been trading since February, peaking above $2.80. Since then, the token erased most of its value, falling to $0.0061, causing deep losses to its holders.
The new OPSEC token started launching as a new pair on Uniswap V3. The asset is still extremely risky, with completely unlocked liquidity of only $477K. The new OPSEC token started trading at $0.20, only to tank to $0.03 soon after the attempted project recovery. Opsec is also yet to rebuild its user base and its appeal as an AI infrastructure project.
Opsec (OPSEC) tokens relaunched with a new smart contract, but remain extremely risky. | Source: DexScreener
The project is now down to its core team, and has submitted proof of reserves, as well as a new ticker and smart contract address. The project is also looking for a new CEO ahed of an eventual rebranding.
https://twitter.com/OpSecCloud/status/1857034361326957016
There is no official call to swap the tokens to the new contract. Unfortunately, the project is also ruderless after its CEO resigned, and the new asset tanked by 90% just after its launch due to lack of interest and liquidity. The advice is to use the wallet containing old OPSEC tokens to connect to the Cloudverse and automatically receive the new balance. However, users must be cautious to avoid malicious links or social media solicitations for unlocking the new OPSEC.
Opsec will also tie its codebase to a Telegram chat, to notify users of any changes to the code. The project was actively promoted and managed to distribute OPSEC to more than 24K holders, similar to the communities of some meme tokens. The effect of KOLs and influencers led to outsized hype for OPSEC.
Opsec has been showing signs of misguiding its investors, including Williams himself. The project was heavily promoted by influencers, and Williams served as its public persona. However, the entire operation was launched by an anonymous founder, known as Zopp0.
ZachXBT tied the persona of Zopp0 to three other projects: SCALE, NTD, and TPU. All tickers, including Opsec, were used in heavy promotion from social media influencers. Messages and even faked images went on for months before raising red flags.
Opsec relaunches with new team, resources
The original Opsec project achieved an agreement with the CoinEx market operator. The project swapped its original smart contract and token in the past couple of days, putting full control of the assets into the hands of the new team.
Opsec will now work as a V2 project, once again reaching out to the community. The new token is already held in 6,302 wallets, rebuilding the user base from scratch.
Opsec and its related projects were heavily promoted in the first half of 2024, when the AI narrative and GPU infrastructure were running hot. The projects posted misleading progress data. Since the summer of 2024, the related TensorAi X handle was suspended, while Scalia stopped posting content. Neutral Tensor Dynamics stopped posting in April.
ZachXBT was instrumental to toppling those projects, as he tracked the anonymous founder. Apparently, Zopp0 was involved in multiple startups by hiring developer teams. Some of the developers were also tied to North Korean hackers infiltrating the projects, as the investigation of ZachXBT revealed. Opsec went as far as to misrepresent its real infrastructure, using stolen images from a YouTube video.
The disappearance of Zopp0 meant Opsec had no financial resources to continue. The identity of the founder is still not doxxed, but underscores the risk of overhyped projects. Opsec and its related AI products launched before the biggest meme token boom, where promises of building infrastructure were all the rage.