Blockchain Scandal ZachXBT Faces $4M Exit

ZachXBT Faces Allegations Over $4M Memecoin Withdrawal

• A Solana wallet linked to ZachXBT allegedly withdrew nearly $4 million from a memecoin project.
• The wallet received half of the total supply, equating to 500 million ZACHXBT tokens.
• Approximately 91 million ZACHXBT tokens and 16,059 SOL tokens were withdrawn from the liquidity pool.
• SOL tokens were transferred to an address associated with crypto market maker Wintermute.
• Andre Cronje defended ZachXBT, citing his unpaid contributions to the crypto space.
• A fundraising campaign raised over $50,000 in support of ZachXBT’s investigative work.

ZachXBT is accused of withdrawing about $3.81 million in SOL and ZACHXBT tokens from a memecoin project. Despite controversy, community support has raised significant funds for his investigative efforts.