HuntTown

Summary of the ZachXBT Meme Token Incident

ZachXBT, a well-known "on-chain detective," is respected for uncovering scams and helping protocols recover stolen funds. Initially starting as a hobby, his work eventually became a professional endeavor. Recently, Zach expressed frustration over the lack of fair compensation for his efforts, which led to a unique fundraising initiative.

A meme token, $ZachXBT, was launched, with 50% of the tokens allocated to Zach as a form of donation. Investors hoped the token's price increase would serve as compensation for his contributions. This initiative was reminiscent of $SHIBA’s allocation to Vitalik Buterin, though with a different outcome.

Onchain Artist and Builder of /bizarrebeasts and /bizarrebeastsart.

Damn thought it was still around to help should have kept reading 🫣