Everyone knows that this is a scam. Only the Penguin community pretends to hear nothing.
@LucaNetz @IglooInc
Omgggg 😂😂
I posted about buying Abstract for $10K yesterday, and today Cygaar himself slid into my DM.
Instead of defending Abstract, he told me there was no point in buying it.
@LucaNetz Cygaar is exposing you 😂
0x3343 retweeted
Omgggg 😂😂
I posted about buying Abstract for $10K yesterday, and today Cygaar himself slid into my DM.
Instead of defending Abstract, he told me there was no point in buying it.
@LucaNetz Cygaar is exposing you 😂
Hey @AbstractChain team
Would you consider selling Abstract?
I have an entire team ready to make Abstract 10x better and trust me, my team is way better than yours.
We also have several investors ready to put their money into Abstract, but there’s just one condition: you have to sell us the company first. 🤝
I’m ready to offer $10000 to get the deal started.
Let’s talk business.
Gmail : [email protected]
Wow, Pudgy Penguins really had 0 volume in the last 24 hours!
In other news, there’s been a 16 ETH volume on Lil Pudgys (70+ sales) 👀
So while there’s 0 new buyers of Pudgy Penguins at current levels, we see some likely new buyers in Lil Pudgys range, which is telling that it’s becoming harder and harder for people to justify buying a $6K Pudgy Penguin asset but they don’t mind buying a $500 asset, at least
Pudgy Penguins really need to figure out why anyone will want to buy or hodl their assets at this day and age, especially given the Abstract issues
Now➡️24h volume:0.00 ETH😂
A year ago, @LucaNetz told everyone in NFT Paris to hold him accountable for these:
1️⃣ Abstract being the no. 1 L2 by a Texas mile
2️⃣ Pudgy Penguins being the biggest IP from crypto by a Texas mile
A year later, how would you grade him on these? 🤔
0x3343 retweeted
Supporting @pudgypenguins after Abstract is a failed IQ test and a moral disgrace. You're rewarding the people who scammed their community and encouraging others to support them. Be better
I have submitted a tip to the @SECGov regarding my experience with @AbstractChain, including its XP incentives, public statements, and shutdown.
I spent nearly two years participating in the ecosystem, accumulated millions of XP, and spent approximately $30,000 across it. I have asked the SEC to review the facts and determine whether any further inquiry is warranted.
This is my personal account and a request for regulatory review, not a finding of wrongdoing by the SEC. I hope others who participated will preserve their transaction records and share their experiences responsibly.
I urge the SEC to carefully review the evidence and, if it finds violations of federal securities laws, take the appropriate enforcement action.
0x3343 retweeted
Holy shit we really got a 23min long documentary on Luca Netz and Abstract before GTA 6 😭
0x3343 retweeted
In Feb 2025, Luca Netz asked a room in Paris to hold him accountable for Abstract!
A month later, Abstract’s lawyers told the SEC a token was “currently under development.”
On 6 Oct 2026: no token, no airdrop, and new terms capping what users can recover at $100.
The Abstract File 👇
不忙的老师,可以助力下冰屋的IPO早日破产
方法很简单👇
1. 前往:美国证监会(SEC)的投诉网站sec.gov/submit-tip-or-compla…
2. 把你在abs遭遇欺诈的经历梳理下,觉得难写就直接扔AI,豆包写都行,注意写清楚abs和冰屋的关系
一两个人可能没啥用,但愚公移山。哪怕最后这事儿没投诉成,让冰屋花上数倍乃至数十倍的时间、精力、金钱去公关史密斯专员也是美事一桩😃😃
I have submitted a tip to the @SECGov regarding my experience with @AbstractChain, including its XP incentives, public statements, and shutdown.
I spent nearly two years participating in the ecosystem, accumulated millions of XP, and spent approximately $30,000 across it. I have asked the SEC to review the facts and determine whether any further inquiry is warranted.
This is my personal account and a request for regulatory review, not a finding of wrongdoing by the SEC. I hope others who participated will preserve their transaction records and share their experiences responsibly.
I urge the SEC to carefully review the evidence and, if it finds violations of federal securities laws, take the appropriate enforcement action.
0x3343 retweeted
I have submitted a tip to the @SECGov regarding my experience with @AbstractChain, including its XP incentives, public statements, and shutdown.
I spent nearly two years participating in the ecosystem, accumulated millions of XP, and spent approximately $30,000 across it. I have asked the SEC to review the facts and determine whether any further inquiry is warranted.
This is my personal account and a request for regulatory review, not a finding of wrongdoing by the SEC. I hope others who participated will preserve their transaction records and share their experiences responsibly.
I urge the SEC to carefully review the evidence and, if it finds violations of federal securities laws, take the appropriate enforcement action.
Nearly Two Years on Abstract: A Personal Account
After investing nearly two years of my time, energy, and money into @AbstractChain, the reported decision to shut down the chain has left me deeply disappointed.
I was not a casual participant. I played countless games, created content, completed hundreds of thousands of transactions, remained active for hundreds of days, accumulated millions of XP, and spent approximately $30K across the ecosystem. The attached Abstract Passport reflects only part of that commitment.
Throughout this journey, the community was repeatedly encouraged by ambitious statements from the leadership. Michael Lee (@CashBowie) spoke confidently about a future token, potential XP rewards such as flights, accommodation, Super Bowl tickets, and World Cup tickets, and a sustainable ecosystem where people could both enjoy themselves and earn value.
Luca Netz (@LucaNetz) also described an economy in which users would not simply play games but could earn from their participation. He discussed Project Quantum, a potential token valuation of $20B to $30B FDV, and a system through which XP and community activity could generate economic value.
These statements created expectations. They gave people reasons to invest more time, money, creativity, and trust in Abstract. Yet, from my perspective, the outcomes repeatedly presented to the community never materialized. Instead, users were kept engaged by increasingly ambitious promises while receiving little clarity about what was actually achievable.
The team made clear promises that encouraged people to invest their time, money, and trust in Abstract. None of those promises were fulfilled, and the community was left without transparency, accountability, or a meaningful explanation.
What hurts me most is not the money. It is the time. Money may eventually be earned again, but almost two years of sustained effort can never be recovered. It is difficult to accept that the people who helped build activity, visibility, and culture around Abstract may now walk away with nothing, without even a transparent explanation or a meaningful attempt at recognition.
Some people appear to take pleasure in the losses of others. I find that truly pathetic. A healthier Web3 community requires more informed participants who are willing to speak when something is wrong. Accountability is not FUD. Asking difficult questions is not an attack. It is one of the few ways this industry can mature.
I also cannot ignore Luca’s silence. If he genuinely believed that the community had been treated fairly, would he not be willing to explain what happened, address the promises that were made, and propose a meaningful solution? Silence may not prove wrongdoing on its own, but in circumstances like these, it raises serious questions. A leader who has nothing to hide should be prepared to communicate openly and take responsibility. Instead, Luca has chosen silence while the people who invested their time, money, and trust are left without answers.
Even redirecting part of the budget used for marketing and merchandise toward recognizing committed Abstract users could have demonstrated goodwill. From the outside, however, it feels as though meaningful compensation or acknowledgment has not been treated as a priority.
My experience with @Somnia_Network showed me that another approach is possible. I became active during its testnet, contributed to the ecosystem, created content, and earned $30K. More importantly, Somnia founder @0xPaulThomas consistently communicated the project’s development, updates, and objectives through video content. Whether everything succeeded or not, the community could see genuine effort, progress, and leadership.
My experience with Abstract was the opposite. Apart from interviews, which were often filled with major promises, Luca rarely communicated directly about the project during the nearly two years I participated. Those interviews strengthened people’s confidence and encouraged further commitment, but the community now deserves more than silence.
After everything that has happened, I have completely lost my trust in Luca and his team. Trust cannot survive indefinitely on branding, interviews, or promises. It requires delivery, transparency, and accountability, especially when people have invested significant portions of their lives and savings.
This is my personal experience, supported by the record of my activity in the attached Abstract Passport, a tool created by Abstract community member @bycoinraven. I welcome informed disagreement and any factual corrections from the team. However, please engage with the substance of what happened before dismissing the concerns of those who gave this ecosystem their time, money, and trust.
The Abstract community deserves answers.
Everyone is licking Luca's ass because Luca gave them dog food to learn to shut up.
The truth should not be covered up.
You guys don't kneel and beg anymore. One day, Luca will kick away your dog bowl and get back all the dog food you have given.
🦶🐶➡️@LucaNetz @IglooInc
0x3343 retweeted
When I first saw this tweet, I wasn't sure if I should speak up or just stay quiet.
But I know I wouldn't feel right if I said nothing about it.
I don't care if anyone sees this or takes action. Because honestly, if they had any empathy, they would've done something already.
First of all, stop hiding behind that "this is crypto, everyone should know the risks" nonsense.
Yeah, this is crypto. But you're not Base!
If Base shut everything down tomorrow, nobody should act surprised. They've been saying since day one that tokenization is difficult because of regulations.
Sure, people had expectations, but they warned the community multiple times.
Now let's talk about Abstract.
Abstract was literally built around its community.
It got to where it is because of you and other big figures in the community constantly pushing it.
You @LucaNetz talked about TGE and airdrops in countless spaces and conversations.
People started dreaming.
People worked hard.
People spent days and nights posting about Abstract, literally 24/7.
And yes, YOU were the ones encouraging all of this.
Even StandX shut down, but at least they made sure to give something back to users, even if it wasn't much.
That's a gesture of goodwill.
What did your community get?
An apology that felt completely insincere and a goodbye message...
I don't wanna drag this out any longer.
You're the ones who gave people so much hope in the first place.
And yeah, even if this is crypto, I genuinely think you should do something for these people as that amazing Pudgy Penguins family you've always talked about.
And lastly, huge respect to @waleswoosh and @beaniemaxi for being among the few big accounts willing to speak up about this without worrying about the backlash.
Luca Netz made me lose faith in Web3.
I was on Abstract from day one. I never stopped believing because Luca was behind it, and I trusted his promises. I spent around $40–50K and dedicated nearly two years of my life to it.
We were promised a token. They kept our hopes alive until the very end, only to tell us we would receive nothing for the Xp we had earned.
After all that time, money, and trust, I feel scammed by @LucaNetz I won’t stay silent
0x3343 retweeted
Pudgy Penguins reached out and said "brother we see your takes and appreciate them, what do you think we can do better?"
COMPENSATE THE USERS THAT SPENT YEARS OF THEIR LIFE AND MANY THEIR LIFE SAVINGS EARNING ABSTRACT XP
I thought it was pretty clear. This is the only solution.
0x3343 retweeted
I think that the Abstract Team had no idea of the incoming shutdown. They were bullposting Abstract & are still bullish about Abstract during Token2049
I think they were just caught off guard by the shutdown like the rest of us
This is a disaster mismanagement masterclass by Luca Netz
I know what you said must not be @LucaNetz or @IglooInc
Because they are crowned as gods in the penguin community.
Luca is telling a very perfect story of using the packaging of web2 to defraud web3. The most ridiculous thing is that everyone actually believes it.
The greatest marketer of web3 @LucaNetz
His greatest achievement is to whitewash the fraud process by selling free pengu tokens and then paying kol.
If you are a kol, please contact @LucaNetz or @IglooInc
They can pay you a promotion fee of $2,500 a month.
With every protocol that farms its users but never TGEs, there's an opportunity for individuals on the team to "do the right thing".
I am aware that you are being compensated. However, every person has their own agency and you can stand up for users at the expense of a few months of extra paychecks. Is it really worth compromising your personal integrity to bootlick a scamming founder?









































