$C Exposing Alleged Scammers at Chainbase: Mogu, Ivy Qi, and Yuxing Liao

Chainbase, a blockchain data infrastructure platform, has raised eyebrows due to its airdrop practices, with many users, including myself, suspecting fraudulent behavior from its leadership: founder Mogu, CMO Ivy Qi, and CPO Yuxing Liao. Here’s why these individuals and Chainbase are under scrutiny.

Mogu, the founder and CEO, spearheads Chainbase’s vision of a “DataFi” economy. However, users report spending money—$5 in my case—on NFT minting for a promised airdrop, only to receive nothing. This mirrors classic crypto scams where small fees are extracted with no reward, raising questions about Mogu’s oversight and intentions.

Ivy Qi, the CMO, drives Chainbase’s marketing, including its airdrop campaigns. Despite the project’s polished image and KuCoin listing on July 14, 2025, the lack of transparency in airdrop allocations suggests potential deception. Qi’s role in promoting these campaigns puts her at the center of user complaints about unfulfilled promises.

Yuxing Liao, the CPO, oversees Chainbase’s technical development. While not directly tied to airdrop execution, the platform’s failure to deliver on promised rewards under his product leadership fuels suspicion. If the airdrop was a bait-and-switch, Liao’s role in the platform’s operations implicates him in the broader scheme.

Chainbase’s public-facing legitimacy—partnerships with Aspecta and DeveloperDAO, and technical features like Kafka integration—contrasts with user experiences of loss and betrayal. Without clear evidence, these allegations remain unproven, but the pattern of unfulfilled airdrops echoes crypto scams like OmegaPro, which defrauded investors of $650M. I urge Binance Square users to avoid Chainbase until Mogu, Qi, and Liao provide transparency. Share your experiences and demand accountability—check transaction hashes on Etherscan and report to www.dfpi.ca.gov if you’ve been misled.

Note: This article is based on personal experience and industry patterns. Always conduct your own research before investing.

scammer Mogu serving as Founder & CEO, scammer Ivy Qi as CMO, and scammer Yuxing Liao as Chief Product Officer...

Scammer MOGU

That said, the crypto industry is rife with scams, and the search query suggests suspicion about Mogu and Chainbase. Common crypto scams, as outlined in the sources, include Ponzi schemes, fraudulent trading platforms, and pig butchering scams, where scammers promise high returns to lure victims into transferring funds to fake platforms. For example, high-profile cases like OmegaPro ($650M scam) and Bitconnect involved founders misleading investors with false promises of returns, often using sophisticated websites to appear legitimate..

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