- Online sleuth ZachXBT has accused crypto YouTuber KSI of misleading his X followers
- The sleuth lamented that KSI has resumed operating his X account saying that the YouTuber is back to share “garbage”
- KSI defended himself by saying that he truly believes in crypto projects he promotes on his social media accounts
On-chain sleuth ZachXBT isn’t happy with the return of YouTuber KSI on X (formerly Twitter) saying that he’s back to posting “garbage.” According to the blockchain investigator, KSI has in the past been caught promoting crypto projects on his page but secretly selling his holdings once they appreciate in price, a classic example of a pump-and-dump scheme. The Youtuber, however, refuted the claims saying that he genuinely believes in all projects he promotes, raising questions as to why he offloads his bags when a project’s tokens appreciate in value.
Investing in the Now-defunct Terra Luna
ZachXBT supported his argument with an example of a project that KSI promoted on his X account but was dumping the project’s tokens worth $850,000 in the background. KSI replied to the allegations saying that he sold the tokens to invest in the now-defunct blockchain project Terra Luna.
Remember when KSI posted
“All of a sudden, my $XCAD bag is looking juicy again. #HodlGang”
Then proceeded to dump $850,000 worth of XCAD over the following days from his wallet address. https://t.co/qAEIRYGTMd pic.twitter.com/Gn6LMybQia
— ZachXBT (@zachxbt) February 13, 2024
KSI further argued that he wasn’t “trying to scam” his followers, noting that his actions were influenced by his excitement about upcoming crypto and NFT projects. Another YouTuber popularly known as Cofeezilla disagreed with KSI’s explanation that “he had no clue” that his promotions would lead to a price pump.
Here is the excuse KSI gave to @coffeebreak_YT for dumping tokens shortly after making posts.
Watch the full video here:https://t.co/2D0SlqY4w1 pic.twitter.com/odiXibAkDO
— ZachXBT (@zachxbt) February 15, 2024
YouTuber Charged
KSI’s return has unearthed his friendship links with YouTuber Logan Paul who is facing charges of failing to honor his promises of creating an NFT project despite taking investors’ money.
Inb4 he starts sharing garbage again.
Dumping your tokens on Logan Paul’s lapdog is permitted and encouraged.
— ZachXBT (@zachxbt) February 13, 2024
The allegations come two months after Ex-U.S. President Donald Trump was also caught cashing out his NFT royalties and five months after Nima Capital dumped over $2 million worth of Synapse tokens.
With ZachXBT and Coffeezella on KSI’s return, it’s likely the YouTuber won’t have much space to promote crypto projects for personal gains.
