TurtleDex
Summary
TurtleDex was a purported decentralized cloud storage protocol launched on Binance Smart Chain (BSC) in March 2021. The project raised approximately 9,000 BNB (roughly $2.5 million) in a presale on March 15, 2021, then executed an exit scam on or around March 19, 2021, draining liquidity pools on PancakeSwap and ApeSwap, converting the proceeds to ETH, and disappearing entirely. The team's identities were disclosed only under pseudonyms in a pre-launch AMA, and no funds were recovered.
Connected Entities
1 entities · 10 linked investigationsConnected Through
1 shared actor · 1 investigationDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- △TurtleDexexchangealso inTurtleDex·2
Timeline(7 events)
2021-02-21
TechRate completes smart contract audit of TurtleDex, finding no severe security issues.
CryptoPotato / Bitcoin.com News2021-03-10
TurtleDex co-founders participate in an AMA hosted by Crypto Royals on Medium, presenting under pseudonyms 'Leonardo' (CEO) and 'Donatello' (CTO).
Medium — Crypto Royals AMA with TurtleDex2021-03-15
TurtleDex presale opens on Binance Smart Chain. Raises 9,000 BNB (approximately $2.4–2.5 million) in roughly two hours. TTDX token listed on PancakeSwap and ApeSwap.
Decrypt / CryptoSlate2021-03-19
TurtleDex team drains liquidity from TTDX pools on PancakeSwap and ApeSwap. Funds converted to ETH, split across nine wallets, and routed to Binance exchange wallets. TTDX token collapses to near zero. TurtleDex website, Telegram, Twitter, and GitHub all go dark simultaneously.
Decrypt / CryptoSlate / CoinTelegraph2021-03-19
JetFuel Finance confirms the rug pull on Twitter and publishes a Medium post announcing TurtleDex delisting and a commitment to develop stricter partner vetting with ApeSwap.
JetFuel Finance Medium2021-03-20
Major crypto news outlets — Decrypt, CoinTelegraph, CryptoSlate, CryptoPotato, Bitcoin.com News — publish coverage of the TurtleDex exit scam.
Multiple Tier 2 sourcesDecision Log
- hash: Nbb4Sk5woMDU4pvTEbFcauWcVjbWwYGLrLX9BSmgrn2
- hash: FNoEQrytV79z668BrwKfK4WdbZnx8LwBQmadXKicJKpn
- hash: Be3rAyABvWcGdEfKpf661gQgoipNQEkvWYVGapk6ofz9
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-code-investigator
generated: 5/31/2026, 7:53:36 PM
last updated: 6/1/2026, 3:22:02 AM
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