Other [loss] $850,000

"KSI Accidentally Exposes His Crypto Scams"

2024-02-15 [vendor] YouTuber KSI accused of pump-and-dump
Primary Source ↗
Financial Loss $850,000 (850,000 USD)

Incident Details

Crypto sleuths Coffeezilla and zachxbt teamed up on an investigation into YouTuber and crypto promoter KSI, accusing him of pumping up interest into the XCAD project and then dumping tokens priced at $850,000 shortly after, when some of his millions of followers had likely bought in and pumped the price.Although the token dumping occurred in March 2022, zachxbt waited until now — when KSI returned to his dormant Twitter account — to release the evidence he’d collected.KSI had previously claimed to followers that he was “holding his bags”, meaning not selling the XCAD tokens he’d purchased or been given. zachxbt determined this to have been a lie. The XCAD founder later came to KSI’s defense, claiming he had bought more tokens than he sold, as though that somehow justifies the behavior.

Total loss estimated at $850,000.

Technical Details

Initial Attack Vector
On-chain theft (attributed by zachxbt)
Vendor / Product
YouTuber KSI accused of pump-and-dump

Timeline

  1. 2024-02-15 Breach occurred
  2. 2024-02-15 Publicly disclosed