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

Forgiven, co-founder of Conflux, stated on the X platform that RWA.XYZ recently revamped its platform and introduced two new industry definitions to facilitate the fabrication and disclosure of true data, replacing the original single industry-wide data: Reported Asset Value: Represents the value of assets, i.e. RWA assets that have been issued on-chain using blockchain ledgers but have no actual on-chain transfers or distribution activities, currently valued at $410 billion; Distributed Asset Value: Represents the value of distributed assets, i.e. RWA assets that have been distributed using blockchain on-chain protocols and exchanges that connect to public chains as a distribution layer, allowing investors to directly or indirectly subscribe to and hold RWA assets through wallets or custodians, currently valued at $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; they 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 so-called white papers, which are often used for capital dumping and exploitation. The reaper is sharp, and malicious data websites are profiting from crypto traffic and dividends.