
Blockchain investigator ZachXBT has come under scrutiny after withdrawing nearly $4 million from a memecoin project created in his name. The $ZACHXBT token, launched by an unknown developer, allocated 50% of its total supply (500 million tokens) to ZachXBT's wallet. ZachXBT used the tokens to add liquidity to a trading pair with Solana (SOL) and later withdrew approximately 91 million ZACHXBT tokens and 16,059 SOL tokens, valued at around $3.81 million. The SOL was subsequently transferred to a wallet linked to crypto market maker Wintermute, sparking speculation about an over-the-counter trade. The token's market cap initially surged to $80 million before plummeting after ZachXBT's withdrawal. This development follows ZachXBT's recent public frustration over the lack of financial rewards for his investigative work, including assisting the U.S. government in recovering $20 million from a hack without receiving compensation. The incident has divided the crypto community, with some defending ZachXBT's actions as justified and others criticizing the withdrawal as opportunistic.
































Seeing so many people who are that long in the space and don’t understand what Zachxbt did on the lp side, surprises me.
zach thinking about how much he had sitting in the LP https://t.co/qxGvC16SCp
$BRYAN tapped a milly... 4x from this tweet. Might have legs. https://t.co/y5KV9DoKKC