Conflux co-founders accuse RWA.XYZ of maliciously fabricating data and manipulating capital.

Odaily Planet Daily reports that Conflux co-founder Forgiven posted on the X platform that RWA.XYZ recently revamped its platform and introduced two new industry definitions to facilitate the fabrication of data and the disclosure of true data, replacing the previous single industry-wide data:

Reported Asset Value: This represents the value of RWA assets, which are digital asset certificates issued on-chain using blockchain ledgers, but without any actual on-chain transfers or distribution. The current value is $410 billion.

Distributed Asset Value: This refers to RWA assets held by investors through wallets or custodians, using on-chain protocols and exchanges that connect to public chains as a distribution layer. The current value is $18 billion.

Of the currently touted $410 billion figure, approximately 91% comes from assets issued on the private blockchain Canton, and another $14 billion comes from Figure's Home Equity Credit (HELOC) product issued on its self-developed private blockchain Provenance. These assets have almost no direct relationship with the crypto market and are merely "private blockchain ledger tokens." The Distributed Asset Value ($18 billion) better reflects the true demand structure of the RWA industry.

Forgiven warns against blindly trusting Wall Street, and even more so against so-called "white papers" endorsing cryptocurrencies. These are often packaged as tools for capital dumping, and their scythes are sharp. In this case, malicious data websites are profiting from Crypto's traffic and benefits.