ZackXBT Calls Out Crypto Influencer Over Involvement in Pump and Dumps
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Concerns Over Meme Coins: The crypto community is debating the risks of meme coins, with accusations of predatory practices and "pump and dump" schemes emerging between influencers. A notable incident involved ZachXBT accusing Zion Thomas of promoting low-cap meme coins that led to significant financial losses for investors.
Security Incidents in Crypto: LEGO's website was hacked to promote a fake cryptocurrency called "LEGO Coin," while EigenLayer reported a $5.7 million theft due to a compromised email thread. Despite these incidents, the Department of Homeland Security has successfully blocked numerous ransomware attacks and seized billions in extorted cryptocurrency since 2021.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
