I'm seeing a pattern here: the addresses below (and many more; below is a sample) receive ETH from Bitfinex, send ETH to EOSCrowdsale address, receive EOS from crowdsale, then send EOS back to Bitfinex.
One explanation is arbitrage. But according to
https://eosscan.io/ the price for period #146 (which ended 25 min ago) was $1.72, and even tho Bitfinex received a ton of EOS right after period #146, the price didn't drop from $1.78 (it may have dropped 2 cents from $1.80). If this pattern were just arbitrage, I'd expect the crowdsale price to be closer to the exchange prices. I have witnessed this many times--ICO price a bit below exchange price, but the exchange price doesn't drop right after the period ends. In other words, this pattern is probably not part of an arbitrage strategy. If somebody is accumulating EOS, there is no need to send to Bitfinex.
https://etherscan.io/address/0x4e8c49fab23532ef2ed14058639f55cf45bade1ehttps://etherscan.io/address/0x59438809e11ef3a9e197de965abbfd6792092b76https://etherscan.io/address/0x9fad7a730ba976ea8cbcf8fcd6e4c217386520a8https://etherscan.io/address/0x188fb986e8932e8469578430acaa5a2c12f5c48bhttps://etherscan.io/address/0xe3c2e9512ea8026b68f69012944e89238a011ac7https://etherscan.io/address/0x71d8b9755bbca15fc491e6520c21e319a574680bhttps://etherscan.io/address/0xeae47e717bb68f80180382e954320bed9072676bhttps://etherscan.io/address/0x8c63dfba829060122225d22c9d1d33841d8468d0https://etherscan.io/address/0x47fcb6d294aad242088b026ad87867166c375207https://etherscan.io/address/0xe777cde17e532f78227554607872adbb36597f06also, EOS seems to be maybe the most transacted token at finex:
https://etherscan.io/tokentxns?a=0x1151314c646ce4e0efd76d1af4760ae66a9fe30f&p=1I am a huge fan of Dan Larimer, Steemit is a wonderful platform, and I really like the EOS project. However, I cannot come up with a legitimate reason for the pattern I am seeing above. The only explanation I can come up with is that ETH is being recycled into the ICO, and Bitfinex is being used to hide this recycling. I hope I am wrong about this. I trust Dan, and I would assume he's probably not involved in handling ICO funds.
Furthermore, suppose recycling of ETH was occurring. The above behavior is exactly what you would expect to see.
Who has access to EOS ICO funds?
block.one claims the ICO is being audited.. when can I review this audit?I've seen this:
https://eos.io/faq.html but I don't blindly trust, especially with no way to verify.
26. Will block.one be contributing to the EOS Token distribution?
No, during the entire EOS Token distribution period, block.one will not do any of the following:
block.one will not purchase EOS Tokens by any means;
block.one will not pay any dividends to its shareholders; and
block.one will not perform any share buybacks.
block.one intends to engage an independent third party auditor who will release an independent audit report providing further assurances that block.one has not purchased EOS Tokens during the EOS Token distribution period or traded EOS Tokens (including using proceeds from the EOS Token distribution for these purposes). This report will be made available to the public on the eos.io website.