ZachXBT Accused of Draining 16,348 SOL from Token Pool
On-chain detective ZachXBT is facing accusations of draining 16,348 $SOL from the liquidity pool of a newly launched namesake token, $ZACHXBT. The action, described by some as a “super rug pull,” involved the complete extraction of funds from the token's liquidity pool.
The $ZACHXBT token, initially referred to as “$JUSTICE,” was a community-driven initiative. ZachXBT reportedly received 50% of the initial supply, totaling 500 million tokens, via an airdrop, following his complaints about financial limitations hindering his investigative work. The token's launch and airdrop were intended to support his efforts.
These accusations challenge ZachXBT's reputation as an “anti-scam hero” and “on-chain detective.” Known for his detailed expose threads, the alleged drain of a community-supported token's liquidity pool has led to accusations of hypocrisy and a perceived shift in community trust, with sentiment scores as low as -32.
ZachXBT Accused of Dumping $ZAI Airdrop, Facing Scrutiny
Crypto investigator ZachXBT is also accused of dumping an airdrop of $ZAI, a “rights protection coin.” Critics allege ZachXBT sold off his allocation, reportedly causing significant financial losses for retail investors participating in the $ZAI rights protection incident. This alleged sell-off is characterized by critics as a “secondary harvesting” of their funds.
Critics contend his actions concerning the $ZAI airdrop contradict his purported role, characterizing his behavior as predatory rather than protective. The allegations have fueled a shift in community perception, with social media posts registering sentiment scores from -24 to -32.
ZachXBT Alleges $LAB Founder Manipulation, Offers $10K Bounty
On-chain investigator ZachXBT accused Vova Sadkov, founder of lab:native ($LAB), of orchestrating market manipulation through centralized exchanges (CEXs). ZachXBT alleged these actions were detrimental to retail investors and noted Sadkov, who publicly posts philosophical content on X, ignored outreach attempts. ZachXBT announced a $10,000 bounty for insider information regarding lab:native's market maker and any related parties.
The accusations follow a period where $LAB, a multichain trading infrastructure, experienced a price surge of 3,700% within one month. ZachXBT claimed 95% of the $LAB token supply was controlled by the team and insiders. On-chain observations highlighted a transaction where address 0xf09…2Bd0b received 3.66 million $LAB tokens (valued at approximately $14.07 million) from multisig wallet 0x36F…0C291, traced back to the original $LAB deployer. Immediately after the allegations, $LAB's price experienced an initial 15% drop, though it subsequently recovered and continued to increase.
Houdini Protocol Accused of Rug Pulling Holders
Houdini Protocol faces accusations of executing a "rug pull" on its holders, with social media posts stating Houdini "just rugged their holders."
Justin Sun Faces WLFI Lawsuit Over Frozen Wallet, Token Agreement
Tron founder Justin Sun is embroiled in a legal dispute with World Liberty Financial ($WLFI). The lawsuit centers on allegations by $WLFI, with Zach Witkoff reportedly moving to protect $WLFI token holders.
$WLFI's legal filings claim Justin Sun personally signed an agreement that granted $WLFI sole discretion to freeze wallets and impose restrictions. Filings also allege Sun agreed not to short the $WLFI token. Notably, court documents indicate Sun's "Blue Anthem" wallet is the only non-criminal wallet in $WLFI's history to have been frozen. Donald Trump Jr. has publicly denied rumors of the Trump family exiting World Liberty Financial, affirming their continued involvement despite earlier speculation following the removal of co-founders from the company's website.