ZachXBT is a pseudonymous blockchain investigator renowned for his work in exposing cryptocurrency fraud, scams, and unethical behavior within the industry. With no publicly known identity, ZachXBT has emerged as a trusted figure in the crypto world, utilizing on-chain analysis to trace fraudulent transactions, hacks, and shady dealings.
Key Contributions:
- Exposing Scams and Frauds: ZachXBT is famous for unraveling large-scale crypto frauds. Notable cases include exposing the Bored Ape Yacht Club (BAYC) phishing scam, where he played a crucial role in the arrest of individuals involved in stealing $2.5 million in NFTs. His investigative efforts helped French authorities track down the criminals.
- Influencer Exposés: He has called out high-profile crypto influencers like Logan Paul and Ben Armstrong (BitBoy Crypto) for promoting pump-and-dump schemes, which have led to significant financial losses for investors. For instance, ZachXBT revealed how Logan Paul was involved in dubious NFT projects like CryptoZoo, which garnered millions but failed to deliver.
- Collaboration with Authorities: ZachXBT’s investigations have led to real-world legal actions. His work has assisted in the freezing of funds linked to the Lazarus Group, a North Korean hacking syndicate responsible for laundering over $200 million from various crypto hacks.
Legal Challenges:
ZachXBT’s efforts have not been without controversy. In 2022, he faced a defamation lawsuit from Jeffrey Huang, also known as Machi Big Brother, after accusing Huang of embezzling 22,000 ETH. The lawsuit was eventually dropped, thanks in part to significant community support, raising over $1 million for his legal defense.
Influence and Recognition:
With over 600,000 followers on X (formerly Twitter), ZachXBT is one of the most influential figures in crypto security. His tireless efforts to bring transparency and accountability to the industry have earned him widespread respect. Additionally, he has been rewarded with financial support from blockchain projects, including a $225,000 grant from Optimism.
ZachXBT continues to be a vital force in the fight against crypto fraud, helping protect investors and working alongside law enforcement to combat scams.