Block.one's year-long ICO in 2017-2018 pulled $4.1B, still the largest token sale in history. Promised a faster Ethereum backed by Peter Thiel and Mike Novogratz, shipped a ghost chain that no developer ever adopted. Got a $24M slap from the SEC in 2019, then quietly rebranded to Vaulta in 2025 to escape the EOS stigma, where $A now trades at a sliver of a percent of what was raised..