Kenso Trabing sold his soul and absolutely devastated many peoples lives. Many will never recover. Families destroyed. Life savings siphoned out of morpwhare and into Lambos and Dubai flats. Millions embezzled? Follow the money. I personally lost several 7 figures on his lies. Many close to me as well. All good, God will get him in the end. Tonight is one of the nights of Power in Islam. I've included him in my prayers. Anyways, here is a great read on who this psycopath truly is and some of the things he's done. Hey @mediumtension I don't scare easily...so save your threats, your attorneys, and your bullsh*t for someone else. I present to you...The Story of XMW and NKP by my good friend Bob the reBuilt @bobtherebuilt "Allow me to introduce you to Kenso Trabing and Khurram Bin Kamal, the thieves and liars behind @MorphwareAI $XMW and the ones responsible for stealing over $1.7 million from @nonkyotoproto $NKP in the most disgusting betrayal of friendship I’ve personally witnessed. 📷📷 x.com/mediumtension linkedin.com/in/trabing/ linkedin.com/in/khurram-bin-… facebook.com/khurram.b.kamal Now that is a wild statement to read coming from me, as most people know me as being the #1 champion of Morphware since the beginning. And it pains me more than you know to write these words because I considered Kenso to be a good friend for some time. I believed in Kenso more than anyone has ever believed in him, and more than anyone is ever likely to believe in him again. So to understand what happened, we have to go back to the beginning and tell the story. Spring 2024 – The Partnership Begins In the spring of 2024, I was introduced to Kenso through another friend. We got on many long calls where he pitched his vision for Morphware: harness cheap electricity to do AI compute and use the spare electricity to do Bitcoin mining. The unit economics made sense, and the idea could really work. The only issue is that they were stone-cold broke and could not figure out how to raise a dime from anyone. He had raised a seed round back in the end of 2021, moved down to Paraguay, and had long-since run out of funds, scraping to get by. The pitch deck was messy, and the pitching skills were lacking, but I could see the potential and connected with his character. What I really loved was that Kenso told me his motto in life was: "In the end, integrity wins." And that drew me to him because the crypto space is just overflowing with psychopaths and scammers. It's a very, very corrupt place as most people know, and I've made it my goal to try to find the few people in here with integrity and help them succeed. (Spoiler alert: I’m apparently bad at knowing who has integrity.) Fall 2024 – XMW Launch and Success Because their backs were against the wall, I showed them the path of using a tax to bootstrap funding since raising wasn’t working. They didn’t even have enough money to deploy liquidity, but I was so convinced of their trustworthiness and vision that I loaned them the money to launch the whole thing, which was at that time half of my remaining liquid funds. The original marketing plan was ME. Massive write up after massive write up, on twitter, in DMs, on telegram, to every contact I had. Getting on calls for literally hours at a time to pitch the vision and bring people in. Which I could do because I had real conviction. We succeeded. The project took off, and by the end December 2024, they had made over $3.5 million in tax revenue. The plan was for all of that to go into buying bitcoin miners, high-end GPUs, and facilities to house all the hardware. I could not have been happier for the team or more confident in their dedication to pull this off and do right by all their investors. Spring 2025 – The “Incubation” of NKP In the spring of 2025, Kenso introduced me to a friend of his down in Paraguay who was a successful businessman and who was, along with another partner, running massive operations involving carbon credit production. We talked and I was impressed by the scale of their work, but told him, “My man, it looks like you are going to be making tens of millions of dollars on your own. You have a good thing, you don’t need the headache of crypto, just run your business and enjoy your life.” But Kenso had the opposite advice for them. He continued to push the idea that they should launch a crypto token, that it would be so easy, that they would make so much money from taxes just like Morphware did. Because I was opposed to the whole thing (there is a very steep price to pay to launch a crypto coin and do it right), Kenso started to pull back from comms with me while he and Khurram set up everything for the token launch. Now remember when I said that Kenso was straight up broke down in Paraguay? Well, he made some friends down there. Important, connected friends that gave him money multiple times, literally gave him a bed to sleep on when he had nowhere, made introductions, connected relationships, opened up doors for him in Paraguay to have a hope of starting Morphware. These men were highly successful, but entirely ignorant about crypto. And so for these good friends, he lured them in with this wonderful deal: Kenso and Khurram would guide their tokenomics, raise a 5% seed round, do some marketing, and hire a great CTO to run the launch and develop the tech side. In exchange, they would receive 33% of all tax revenue in perpetuity. (But shhh, that part needed to be kept secret, Kenso told them.) 📷 The NKP launch did typical launch day things, got sniped, spiked up to $15M, then bled down 85% to $2.5M over the next two weeks. At this point, Kenso started trying to bring me in to come fix things. He pushed hard for the NKP team to hire me, give me authority over comms, plan things out, do grass-roots marketing, bring people the vision. Basically, come work the magic for them that I did for XMW before. After a lot of long calls, I agreed. At that time, I had no suspicion of anything malicious. I just thought maybe Kenso had been rash in rushing them to launch before they were ready. But things weren’t so bad. We could fix this. Right? I got to work. You can see my public writings, but you can’t see the endless hours of phone calls, conversations, private essays, putting every ounce of my reputation on the line backing them. I put my money where my mouth is and topblasted the chart for over 2 months so that no one could say I fill before shill. For several months, it looked like things were going well. But strange things were tugging at my mind . . . Fall 2025 – The fraud falls apart Kenso and Khurram had handled the 5% seed round sale. Khurram confirmed directly that he was in control of the wallet where that 5% supply was held, and distributing it to seed investors. The NKP team repeatedly asked them, “Hey, who exactly is in our seed round? Who are our investors? Can we talk to them? They keep dumping, and we would rather OTC buy them out.” But Kenso kept telling them, “Nah dog, this is crypto, everyone is anonymous, this is normal, you never know your seed investors, you don’t even get a list, not even their pseudonyms, this is just how it is.” So the NKP team could never have an ounce of information about who, exactly, were their seed investors. Onchain transfers reveal that of that 5%, exactly 0.88% was sent to 16 individuals (most of whom were original XMW seed investors, lucky them) that had sent in funds. The other 4.12%? Sent to random wallets that all behaved as a single entity. Wallets selling one after the other, in exact timing. And all the funds from these wallets kept going to the exact same deposit addresses as Morphware. 📷 This is the wallet, controlled by Khurram, which Kenso had the 5% supply populate to directly: etherscan.io/token/0x11fa119… Here is the transfer of 0.88% supply to 16 investors, all of whom contributed funds and are known: etherscan.io/tx/0xb534567931… Tokens would move out from Khurram’s wallet into these fresh “seed wallets” and sell within seconds, or sell in the exact same patterns and send funds back to the same exits. Turns out that 4.12% of seed was supply that Kenso and Khurram simply gifted themselves in secret, and dumped on myself and everyone I brought in. This is why he lobbied so hard for me to join NKP, so that I could drum up exit liquidity for him. Here is just a sample visualization of a handful of the wallets they sent to and sold from. 📷 For those that doubt, this is all 100% verifiable onchain. I encourage you to look. Kenso and Khurram will, of course, deny this. They will claim that these were legitimate seed investors. This could all be cleared up if they ever actually put the NKP team in contact with these supposed “seed investors” and could also explain why all the sales occur in the same systematic pattern, and why all the money goes back to the same Morphware controlled sources. This was starting to look like planned extraction from the start. So I had friends do a thorough onchain analysis. Turns out it was even WORSE than I thought. They tried to implement a whitelist at launch. A whitelist that was created by Khurram. And it just so happens that 125 fresh wallets all funded by the same Morphware team wallet were on that whitelist. Fortunately, they were so incompetent that they never tested the whitelist and it failed, to where about 70% of “whitelisted” wallets couldn’t actually buy. Still, they managed to get 105 wallets to buy after more sophisticated snipers got in, plowing in heavy with 6 figures of XMW tax money, and dumping it all for several multiples that same day on the pump. Luckily they don’t know how to snipe properly, or it would have been an even better entry. However, their onchain trail is easy to follow because they are sloppy. And what do you know, the EXACT DAY that I officially agree to help NKP, two wallets magically appear, both funded by Morphware team wallets, who buy and dump for a quick extra $100,000 of profit. 📷 All of this is verifiable. All the funds go back to the same Morphware deposit addresses controlled by Kenso. The NKP team finally said, “Ok, I think this tax deal is actually not right, we need to change it.” So they told the CTO, Alex Dan, to go ahead and change the tax wallets. Alex said, “Oh that isn’t possible, the contract is hardcoded for those wallets, they can’t be changed.” Not being crypto native, the team sighed in resignation and accepted that the tax money would just have to keep flowing to Kenso for all eternity. But it isn’t hard to figure out. I checked the contract, I called out his lie, and pressed him hard. He broke, and what he shared was once again worse than I imagined. You want to know an interesting thing about Alex? He just so happened to be a former student and close friend of Kenso, hand picked for this role as CTO. 📷 x.com/DanPhumara linkedin.com/in/alexander-da… facebook.com/alexander.p.dan Kenso himself didn’t merely recommend, but rather installed Alex for the NKP team. As it turns out, Alex wasn’t just a lackey helping out Kenso. He was a complete fraud the entire time. You see, Alex didn’t create the token contract, or deploy the token, or control the wallets. He lied to the team by saying he did, but when caught in his lies and trapped, finally admitted the truth: Kenso created the NKP token contract (and made sure ownership was NOT transferable). Kenso controlled the deployer wallet. Kenso controlled the tax wallets (both the original wallets where taxes went, and the ability to change them). Kenso controlled the locked liquidity. 📷 Kenso pretended from the beginning like he wasn’t involved in the launch directly, though he was actually the ONLY one in control. After admitting to the fraud, Alex pretty much disappeared off the face of the earth. I couldn’t believe it. This “top tier” CTO Kenso hired, did nothing, then bailed? Well, Kenso is the one who dictated his $240k annual salary and told the NKP team this is non-negotiable. Wasn't that kind of him? And because Kenso controlled the tax wallets, he yoinked that $240k out in the first week as a “prepayment” for that salary. For a CTO that literally never delivered a single thing for the team and then ghosted after 5 months. Of course, that assumes that money was used to pay this lackey fraud. Because that $240k went into Kenso’s hands first. Where did it go from there? No one except Kenso knows. 📷 And that deal where Kenso would get 33% of the tax money? Being the gigachad baller that he is, he actually took 63% of the taxes since he controlled the contract and the wallets. The original wallets receiving tax were never under the NKP team control. Only Kenso (and by proxy his puppet Alex) had access. It was not until July 2 that Kenso changed the tax wallets to include ones actually controlled by the NKP team. In the below image, all addresses in orange were under the control of Kenso/Khurram/Alex, and only the green addresses are owned by the NKP team. 📷 So of the $1.2 million raised, the team only ever accessed $450k of it. The rest all went to the “incubators” at Morphware. Looking only at confirmed, verifiable onchain data (which anyone is free to audit and check), we can say they have extracted at least: Taxes - $750k 4.12% “seed” tokens - $837k 105 wallet “snipe” and insider info swings - $150k Minimum $1.7 million in profit for Kenso and Khurram. Not a bad rake. Who knows how much they managed to execute on actually clean wallets. The team did this exact same tax and seed set up for @read_vu but it instantly flopped so they weren’t able to steal much. It seems their plan was to secretly become an “incubation pad” and churn out projects where they take the taxes and seed free and clear. Winter 2025 - Secret War Escalates It took the team a long time to believe the reality of what had happened. This was their friend! It had to be a misunderstanding. It had to be confusion on the blockchain. There’s no way Kenso would do this. But the evidence piled up too high, Alex directly admitted to the deception, and Kenso’s dodging of every question left no other conclusion but to accept they had been fleeced. So why not go public? Why not make a big scene? Simple: leverage. Kenso still controlled the contract, the taxes, the wallets, the liquidity. If we tried to fight publicly, he had the power to screw the NKP team over even harder. And he dangled the carrot on the stick. He said he would give back the fair portion of the taxes, going back to their original agreement, but he needed “time” to get to the laptop that controlled it all. That laptop was in a “secure location” far away in his luxury apartment in Dubai, and he couldn’t go fetch it because he was busy vacationing in Japan. Months went by, and he kept stalling. During this time he began to tell people in back channels that “NKP is a larp, they don’t have anything, it is going to zero” and started telling people not to believe anything I say because I am crashing out with a severe drug addiction. The funny part is he was front running what he feared as me exposing him, when I was still protecting his image and trying to find a peaceable solution. 📷 And every day he delayed was another day he got to collect a bit more of that tax revenue. Finally, in December, he hands over a laptop with access to the deployer wallet. What happens when the team opens it up? They can’t log in to it, because they don’t have the password! Kenso tells them, “I will give you the password to the laptop after you sign a binding contract swearing yourselves to silence and secrecy and absolving me of all wrongdoing and indemnifying me from all legal action.” Obviously no such agreement could be signed. Threats were made, and he gave the team access. After all, what more could he extract? He already sold all the tokens, and volume feeding the tax had dried up to nothing. Will anything come of this? Probably not. Just another day in brypto land, right? Set against the backdrop of crypto crime, there are 10x bigger thefts going on all the time. What makes this unique is the absolute betrayal and sabotage of the people who helped Kenso in unbelievable ways, and he repays their kindness with malice. What does this mean about Morphware? All of this is incredibly sad. The damage is done to NKP, but their core business is unaffected, and will succeed. It’s just a $2 million hole and a hell of a lot of sentiment sunk. But this brings the question back to Morphware. If Kenso has been this deceitful, this evil, to the very people that helped him more than anyone in his life ever has, what is really going on at Morphware? Do XMW investors know that Kenso bought high end real estate in Dubai? Do they know he spent all of the 2025 summer luxury vacationing across Europe and then Japan? Do they know there are former employees who still haven’t been paid wages they were owed? Where HAS all their tax money gone? 📷 The XMW token collected a total of 2840 ETH before being removed. The average price from launch in September 2024 til taxes dropped in November 2025, is $3005 per ETH. Which would be $8.5 million. In spring of 2025, they claim they lost $1.2 million holding ETH during the crash by not cashing it out for stables. That has never been verified, since the ETH was taken to a CEX immediately. So even on the assumption of complete honesty for that claim, that still leaves about $7.3 million raised. Their dashboard at community.morphware.com/en/m… (now taken down, but in the past) shows 600 machines running 81 PH/s of mining capacity. Ask chatgpt or gemini or any source how much that equipment is worth, and you get an answer of between $1.1 and $1.6 million. Another $600k spent on GPUs. Another $500k spent on land. Altogether it looks like about $2.5 million accounted for in physical assets. Where is the other $5 million? Not to mention tokens. The team was already caught red handed once before directly selling treasury tokens onchain. They have OTC sold some unknown amount to unknown entities. Why are there now fresh new streams of tokens being made for XMW that the team is claiming are “seed investors”? Why is Khurram still selling tokens daily on wallets that are easily proven to be his? It is probably worth a true forensic onchain audit of how they are still managing to offramp millions of dollars to their known deposit addresses in the past 2 months even with the taxes off. I do hope, from the bottom of my heart, that Kenso and Khurram do right by the XMW holders. I hope they are spending funds wisely and will make good on their promises to token holders. I hope all these questions have great answers showing real fiduciary duty to their investors. Will they keep selling tokens then walk away with all the equipment belonging to themselves? I don’t know. I hope not. If I were currently an investor, I would demand full receipts of where all the money went. Hopefully not into their pockets to fund a bougie Dubai lifestyle. As for me, every possible shred of faith I had is now ground to dust and blown away in the wind. But I am never a man who believes a situation is utterly hopeless. Anyone can be redeemed. What would it take to make things right? 1. Do right by the NKP team by giving back the fraudulently taken money. 2. Do right by the XMW holders by hiring an independent 3rd party auditor to examine where all the money has gone, and show receipts for those expenditures." Great writing Bob!