- Hackproofing.com
- Posts
- Who is ZachXBT? 5 Million Dollar Rug or Gift?
Who is ZachXBT? 5 Million Dollar Rug or Gift?
The latest tea ☕ in the crypto hacks & recovery space
Decentraland 2.0 is now live
Decentraland is a virtual social world where you can meet new friends, join events, and make memories—no matter where you are. Whether exploring the open, community-built landscape, partying on the dancefloor, or watching a binary sunset on the beach, Decentraland is where people from everywhere come together.
Here’s what you need to know:
Who is ZachXBT: An anonymous crypto watchdog since 2017, known for exposing scams, recovering stolen funds from rugged crypto projects, and had a history of working with the FBI.
What triggered the issue: Zach admitted his only regret was not prioritizing making money during his years of investigations. In response, traders created the "Justice for ZachXBT" token, gifting him 50% of the supply.
What happened: The token’s market cap surged from $5M to $80M. Zach withdrew $3.9M in liquidity but strategically locked the remaining funds to ensure the token’s stability.
Community Reaction: The community is divided, with some accusing Zach of being a scammer for profiting from the token’s surge, while others defend his actions as a natural part of how crypto works.
READ THE STORY 👀
ZachXBT and the $3.9M Meme Token Saga: Hero or Villain?
Many hail ZachXBT as a hero, while others claim he’s living long enough to become a villain. Let’s uncover the truth behind the controversy.
#ZachXBT#Threadx.com/i/web/status/1…
— Damilare Damidez (@DDamidez)
12:42 PM • Jan 21, 2025
A DISAPPOINTING STRATEGIC SCAM? 😞
13/ My Thoughts
I don’t think this is just a random gift!
@zachxbt didn’t bother communicating with his community. If it were a gift, why not make a statement? No one would blame him for selling part of his gift.
Instead, he played a well-planned LP manipulation.
💡 In such a… x.com/i/web/status/1…
— David Crypto Scam Hunter (@CryptoScamHuntO)
5:40 PM • Jan 22, 2025
ZachXBT spent years conning brainlets from cryptotwitter into thinking he was some good guy investigator only to rug pull yall for $5M LMFAO
hey @SECGov get a look at this cousin
— flock (6'3) (@melgibsonfan99)
10:51 AM • Jan 21, 2025
ZachXBT calls people names and looks down on them, even though he acts just like the people he talks about.
— dean bulla 🔺🏴 (買戰) (@deanbulla)
1:06 PM • Jan 21, 2025
OR IT’S JUST THE WAY THINGS WORK? 🤷
So @zachxbt is one of the backbones of our industry.
He often doesn’t even get paid for his investigations.
Timeline says he needs to be rewarded. Token is launched. He LPs. Timeline loves him.
And when he then does the one thing the token was meant for, everyone turns against… x.com/i/web/status/1…
— Legendary 🧩 (@legendarygainz_)
2:02 PM • Jan 21, 2025
But when the token’s value skyrocketed, Zach withdrew a portion of the liquidity:
⟠ 91M $ZACHXBT tokens
⟠ 16,348 $SOL, worth $3.9MHe then locked the remaining liquidity back into the pool, ensuring the token remained functional.
This wasn’t a rug pull—it was strategic.
— Evan Luthra (@EvanLuthra)
5:28 AM • Jan 23, 2025
Can ZachXBT be labeled a scammer?
Legally, no. Zach didn’t promote or shill the token, nor did he make any call-to-action. He had no direct involvement with the token’s creation or intentions
In on-chain trading, every trader accepts the risks, it’s the name of the game. So,… x.com/i/web/status/1…
— KashKysh ❄️ (@KashKysh)
5:21 PM • Jan 22, 2025
This highlights the importance of valuing your work and understanding the systems you operate in to avoid backlash and misinformation. For influencers, creators, and businessmen, balancing integrity with financial sustainability is key to navigating opportunities without damaging your reputation.