Mithril (MITH) Involved in Illegal Voting for Binance Community Coin Vote: 80,000+ Votes Funded By Just 2–3 Addresses Lucian Follow Jul 26, 2018 · 5 min read

Over the past few days, it has come out that Mithril (MITH) has been involved in illegal voting for Binance’s monthly Community Coin vote. They have been engaging in organized cheating and I am about to show you how they are doing it.

If you know anything about the Community Coin vote, you know that 1 BNB = 1 vote. You can have up to 500 BNB per vote, so 1 voter can have have a max of 500 votes if they hold 500 BNB. Say what you will about this voting system, it is the way it is.

However, Binance has been clear that any creation of fake accounts or distributing BNB en masse to get more than 500 BNB per voter will be severely punished with a disqualification.

In come Mithril (MITH) — a cryptocurrency that thinks it can get away with transferring 500 BNB to 160+ Binance accounts for the purposes of getting 80,000+ votes. Yes, that’s right: 2–3 ETH wallets are funding 80,000 votes. And I am going to show you how step-by-step.

Jeffrey Huang, the Founder of Mithril (MITH)

Please share this so Binance sees it and we expose Mithril for cheating because this is completly unacceptable. They should be disqualified immediately and Binance should reconsider some of its current voting mechanisms.

The Evidence

If you open the BNB contract, you will find that random accounts have sent BNB to many different wallets — suspiciously, 500 at a time.

Upon closer investigation, it was found that this address (0xa25c9dd8ef26971cf58ef5045b098930947f5708) has a transaction of 402 BNB sent to the official Binance wallet (0x3f5ce5fbfe3e9af3971dd833d26ba9b5c936f0be).

So that tells us that this former address (0xa25c9dd8ef26971cf58ef5045b098930947f5708) is a temporary Binance-generated wallet used for deposits. OK, so we established that its a deposit address, but what does that tell us?

Quite a lot actually. Let’s look deeper. This temporarily-created deposit address has one deposit from this address (0x20CB24c78bdb1BF17E6A1D4E2fd1cC80AA1a5c5b).