The 24-hour update promise has expired. No timeline❗️ No exchange clarification❗️ No fund flow disclosure❗️ No refund completion deadline❗️ No clear responsibility boundary❗️ ⚠️Only continued silence. ☠️ If Kaito cannot even honor a public update promise made by its own founder, how much credibility is left in its Launchpad terms, refund commitments, and user protection? Until the Billions incident is fully explained, every Kaito presale project that has not yet TGE’d / launched should be treated as a potential risk. Users need to know: Where is the money❓ Is there custody❓ Has it already been transferred to the project❓ Has it been used for yield, lending, operations, market-making, or any other undisclosed purpose❓ Can terms also be changed right before TGE❓ If a project delays TGE, can users get an immediate refund❓ I also urge all major exchanges, market makers, investors, and compliance teams to re-examine Billions and Kaito Launchpad’s fund custody and user protection mechanisms❗️❗️❗️ This is not a small matter. Since Kaito launched its Launchpad, how many projects have raised funds through it❓ How much user capital has been raised in total❓ Were these funds held in custody by Kaito, or transferred directly to the projects❓ Was there any escrow / third-party custody❓ Were user funds ever held for long periods, generating yield, or used for yield strategies or other undisclosed purposes❓ If a project changes core terms right before TGE, does Kaito have the ability to enforce the original terms❓ If Kaito has no enforcement power, then what protection do the terms displayed on its Launchpad actually provide to users❓ ⬆️These questions are not impossible to investigate. And they are not impossible to uncover. If a platform has long been matching user capital with presale projects under the name of a Launchpad, yet cannot clearly explain fund flow, custody arrangements, refund mechanisms, and how it enforces obligations against projects, then this is no longer just a single-project dispute. It is a potential systemic compliance risk. I am preparing to escalate the Billions and Kaito rights-protection process. This includes, but is not limited to: 1. Submitting listing risk reports to relevant exchanges; 2. Sending governance risk notices to investors; 3. Compiling a list of all Kaito Launchpad presale projects; 4. Tracking fund flows, refund rules, and TGE delays; 5. Submitting materials to regulatory and legal channels if necessary. Whether Kaito has platform compliance issues, fund custody defects, delayed material disclosure, user rights violations, or conflicts of interest is something I believe regulators and exchange compliance teams will be very interested in. Users are not an interest-free loan to projects and platforms❗️ Community funds are not a cash pool that can be held for long periods, handled vaguely, and then smoothed over afterward. @Punk9277 @KaitoAI @billions_ntwk @provenauthority @CoinbaseSupport @cbventures @zachxbt Please stop staying silent.(MEJ毛毛姐)