RIADeFi
Refusal file · other

Why Ketju rejected Buzz Farming

Memo v1Published by Ketju Research

A registry memo, published verbatim and versioned. Superseded versions are recorded, never edited away. A rejection is a judgment for Ketju's client base and thesis, not a universal safety claim. Not investment, legal, tax, or compliance advice.

The memo

REJECTED — THE SAME OPERATOR, THE SAME UNRESOLVED FINDINGS AS B² BUZZ, ALREADY REJECTED IN THIS REGISTRY. Buzz Farming is a strategy-router sitting on the same buzz.bsquared.network domain as B² Buzz, sharing the identical on-chain B2 token contract address and the same operator, per DefiLlama's own tracking — this is one platform tracked under two DefiLlama entries, not two independent products. No custody architecture, vault mechanics, or receipt-token identity is disclosed anywhere this review could access, and DefiLlama's own TVL history for this listing contains only two real data points from its July 2024 launch before jumping to a live-queried current snapshot — meaning no genuine historical TVL trend can be substantiated despite the product's current size. The parent organization, B² Network, suffered a confirmed $3.86M exploit in July 2026 via privileged upgrade authority held by a wallet since 2025 and revoked only after the theft, and its bridge withdrawal function was, per its own documentation, not yet available as of this registry's most recent check — both facts this registry already used to reject B² Buzz, and both apply identically here.

What would reopen the file

  • A withdrawal or redemption function is implemented, documented, and demonstrated to work at proposed size for the parent B² Network bridge
  • Custody architecture and named signing parties are publicly disclosed for both Buzz Farming and B² Buzz
  • An independent post-mortem of the July 2026 exploit is published with remediation verified
  • DefiLlama or an independent tracker establishes a genuine, continuous TVL history for this listing

Facts on file

Verdict
Rejected
Exposure
other
Chains examined
BSquared
Memo version
v1
Reviewed
Next review

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