How Two Brothers Manipulated The Solana Network

Macalinao brothers accused of exploiting Solana network.

The Macalinao brothers used a web of bogus identities to create the illusion of a developer community claimed by a Twitter user.

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They are believed to manipulate the $10 billion Total Locked Value of the Solana network when it was at its peak.

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Sunny was the newest decentralized finance (Defi) app to hit Solana last summer.

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Sunny was hardly two weeks old by early September but saw billions of dollars deposited to the app.

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The developer of the app was known to be 'Surya Khosla', a fake name used by one of the developers.

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Surya was actually Ian Macalinao, the chief architect of Saber, a stablecoin exchange built on top of Solana who built Sunny Aggregator on top of Saber and exploited 70% of the $10 billion TVL of Solana.

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After exploiting the values of the Saber protocol and Solana blockchain, they are now believed to be moving on to Aptos.

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