A project sent $500k to Binance rewards… but forgot the community that actually supported them. 4 days ghosted.
Meet Jake Jae Won Kim.
> based out of South Korea, Asia.
> attended Harvard Business School and Cornell University.
> served as (CEO) and Co-Founder of Everett Protocol ( DeFi project) starting June 2019.
> Won 1st prize at HackAtom Seoul in 2019 and received a grant from stakefish (a staking infrastructure provider) in 2020.
> project fades, due to team departures, lack of sustained development, and competition in the evolving liquid staking space.
> Later on Contribute to projects like Anchor Protocol tech (pre-Terra collapse), Keplr in 2021.
> June 2021, served as CEO and Co-Founder of Mitosis( L1/ DeFi protocol designed as a network for programmable liquidity).
> TGE Occurred around August 2025, with Binance spot listing.
>Gave 10% of Supply for Genesis Airdrop.
> Promise community to get on tge, ~4x more tokens in exactly 6M (11 of March 2026).
> Months later, TVL dropped to ~$2.76M, over -98% decline from peak, MITO down sharply ( 90% from highs).
> Discord is a ghost town now and key departures rumored from team members like Javi and Zach.
> 6M have passed now, yet the smart contract reportedly still shows the lockup as active.
> No admin-triggered enablement for conversions/redemptions has occurred.
> But Binance campaign rewards have been sent recently despite dormancy.
Jake has succesfully rugged, nice play there Jake !