KSI Faces Pump-and-Dump Allegations After Reopening Crypto-Focused X Account
Renowned YouTube personality Olajide Olayinka Williams Olatunji, widely known as “KSI,” has found himself embroiled in controversy once again, facing allegations of cryptocurrency pump and dump schemes after reactivating a crypto-focused account on social media platform X.
Does this still work?
— KSICRYPTO (@ksicrypto) February 13, 2024
The YouTuber has come under scrutiny from crypto investigators ZachXBT and Coffeezilla after reopening his old crypto-focused X account.
On February 14th, KSI reactivated his X account where he previously used to discuss crypto investments with his 371,000 followers, hinting at renewed crypto token discussions. This quickly drew scrutiny from investigators ZachXBT and Coffeezilla.
Inb4 he starts sharing garbage again.
Dumping your tokens on Logan Paul’s lapdog is permitted and encouraged.
— ZachXBT (@zachxbt) February 13, 2024
Shortly after, crypto investigator ZachXBT commented on KSI’s post, criticizing him and accusing KSI of potentially reverting to his previous practices of “sharing garbage again.” ZachXBT backed his claim with damning evidence, sharing screenshots allegedly depicting KSI’s involvement in a pump-and-dump scheme with XCAD Network (XCAD) tokens.
ZachXBT pointed to a post where KSI shared his investment in the watch-to-earn project XCAD Network (XCAD), followed by a significant sell-off of XCAD tokens amounting to $850,000 from his crypto wallet.
Further allegations surfaced, where ZachXBT pointed out other examples of KSI posting about tokens and selling them afterward. This includes KSI’s previous involvement with the Non Fungible token (NFT)-focused project Ethernity Chain (ERN), where he allegedly sold $350,000 in ERN tokens after publicly expressing bullish
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