XCAD Network

2024

ZachXBT

<p>Internet sensation KSI, known for his prominent presence on YouTube, finds himself embroiled in controversy following the reopening of his old cryptocurrency-focused account.&nbsp;</p>
<p>KSI, also recognized as Olajide Olayinka Williams Olatunji, reactivated his <a href="https://twitter.com/zachxbt/status/1757537982108844441" rel="noopener noreferrer nofollow" target="_blank">account</a> on the platform, which boasts approximately 371,000 followers, reigniting discussions surrounding his involvement in the crypto space.</p>
<h2 class="wp-block-heading" id="ksi-s-alleged-pump-and-dump-scheme-exposed-by-crypto-investigators">KSI’s alleged pump-and-dump scheme exposed by crypto investigators</h2>
<p>The resurgence of KSI’s crypto-focused account did not go unnoticed by crypto investigators ZachXBT and Coffeezilla. ZachXBT promptly commented on KSI’s post, expressing skepticism about the nature of the content the YouTuber would share.&nbsp;</p>
<p>Subsequently, ZachXBT shed light on KSI’s investment activities, alleging a pattern of behavior indicative of a pump-and-dump scheme.</p>
<p><a href="https://twitter.com/ksicrypto/status/1757494446529069332" rel="noopener noreferrer nofollow" target="_blank">According </a>to ZachXBT, KSI’s posts often preceded significant sell-offs of the mentioned tokens, suggesting a deliberate effort to influence market sentiment for personal gain. Notably, ZachXBT presented evidence of KSI’s involvement with the XCAD Network (XCAD), wherein the YouTuber purportedly disclosed his investment before executing substantial token dumps.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Inb4 he starts sharing garbage again. <br><br>Dumping your tokens on Logan Paul’s lapdog is permitted and encouraged.</p>— ZachXBT (@zachxbt) <a href="https://twitter.com/zachxbt/status/1757537982108844441?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">February 13, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Coffeezilla echoed similar sentiments, asserting that KSI’s actions align with the definition of a pump-and-dump scheme, irrespective of the claimed lack of profit. The YouTuber’s purported strategy of tweeting contrary to his actual investment moves raised concerns regarding market manipulation within the cryptocurrency sphere.</p>
<h2 class="wp-block-heading" id="ksi-s-response-and-explanation">KSI’s response and explanation</h2>
<p>In response to the allegations, KSI addressed the accusations leveled against him, maintaining his innocence and attributing his actions to naivety rather than malice. The YouTuber admitted to being relatively new to the crypto landscape and acknowledged his excitement about potential investment opportunities.</p>
<p>KSI explained his rationale behind tweeting opposite sentiments to his actual investments, citing a belief that every time he voiced positivity, the market would respond negatively. However, critics remained unconvinced by this explanation, asserting that such behavior still facilitated misleading market signals.</p>
<h2 class="wp-block-heading" id="broader-implications-and-connections">Broader implications and connections</h2>
<p>The controversy surrounding KSI’s crypto dealings extends beyond individual scrutiny, as the YouTuber’s close ties to fellow content creator<a href="https://www.cryptopolitan.com/logan-paul-takes-legal-amid-cryptozoo-nft/" rel="noopener noreferrer nofollow"> Logan Paul</a> come under scrutiny. Paul, who faces his own crypto-related legal challenges, has been implicated in a class-action lawsuit stemming from the sale of a non-fungible token (NFT) collection called CryptoZoo.</p>
<p>The unfolding events underscore broader concerns regarding transparency and accountability within the influencer-driven crypto landscape. As high-profile personalities like KSI and Logan Paul navigate the intersection of social media and cryptocurrency, questions surrounding ethical conduct and investor protection take center stage.</p>

Internet sensation KSI faces pump-and-dump allegations in crypto sphere

Table of Contents

Cryptopolitan_News

Other articles published on Feb 15, 2024

Trader Joe unveils experimental DN-404 token

Cryptocurrency Move from Türkiye-Based Mobile Phone Company Reeder!

South Korean Regulators Wrestle With Major Uptick in ‘Suspicious’ Crypto Transactions

XRP Could Reach $18 with a $1 Trillion Market Cap

VeChain’s Account Abstraction (AA) Brings Revolutionary Blockchain Experience

Spanish Telecom Giant Telefonica Partners With Chainlink To Utilize Web3 Technology For Fraud Pre...

Join our free newsletter for daily crypto updates!