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Market News

ZachXBT Receives $150K for Unmasking DJT Token Creators

ZachXBT revealed in an X post that he had submitted his findings to Arkham, which included over 1,000 pieces of evidence linking Martin Shkreli and Barron Trump to the DJT token.

Written By:
Kelvin Munene

Reviewed By:
Jahnu Jagtap

Last updated: June 20, 2024 3:04 PM
Published June 20, 2024 2:10 AM
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Last updated: June 20, 2024 3:04 PM
Published June 20, 2024 2:10 AM
ZachXBT Receives $150K

Blockchain investigator ZachXBT has been awarded $150,000 by Arkham Intelligence for identifying the creator of the Solana-based DJT token. The reward follows Arkham’s offer of a bounty to uncover the identity behind the token themed after former President Donald Trump.

This bounty has been solved by @zachxbt.

At 11:49 pm UTC Zach submitted definitive evidence that Martin Shkreli is the creator of the $DJT token.

The source was original and not yet anywhere else on the internet. The information was later made public.

Zach Thread Below:… https://t.co/zH0VivDXrt

— Arkham (@arkham) June 19, 2024

ZachXBT revealed in an X post that he had submitted his findings to Arkham, which included over 1,000 pieces of evidence linking Martin Shkreli and Barron Trump to the DJT token. 

Key Events Leading to Shkreli’s Admission

Earlier today, Arkham announced a $150,000 bounty for identifying the DJT token creator. At 11:49 pm UTC, ZachXBT responded to Arkham, submitting his findings. Shortly after, at 11:57 pm UTC, Shkreli sent a panicked direct message to ZachXBT. By 12:27 am UTC, Shkreli held a live session on X Spaces, announcing his role in creating DJT.

ZachXBT’s investigation included blockchain transaction data showing a significant DJT holder, identified as verso.sol, sold $832,000 worth of DJT and converted it to USDC. This wallet also held tokens from Shkreli’s other project, Shoggoth.ai, strengthening the connection.

Additional Involvement and Evidence

Another key figure, identified as CWR, was the admin of the DJT token’s Telegram group. CWR, who uses the username ‘cameronrox’ on Discord, has been highly active in Shkreli’s public Discord server, with over 1,000 messages. 

He has mentioned attending school with Barron Trump, but their actual relationship remains unclear. CWR exited both the Telegram group and Discord server last night, leaving behind a trail of messages for further investigation.

ZachXBT’s findings and Shkreli’s admission have brought significant attention to the DJT token. The investigation into other potential collaborators continues, with Arkham’s reward marking a pivotal moment in uncovering the token’s origins.

Also Read: Mantle and Arkham Join for AI-Powered Crypto Analytics

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Kelvin is former crypto journalist at The Crypto Times
By Kelvin Munene
Kelvin Munene is a seasoned crypto journalist who excels in news writing, analysis, trading, editorial services, and market research. With over 5 years of working with major publications in different roles, Kelvin has earned extensive experience in the Crypto space. A passionate blockchain enthusiast, Kelvin balances his extensive research with family time and football.
Jahnu Jagtap - Crypto Research Analyst at The Crypto Times
By Jahnu Jagtap
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Jahnu Jagtap is a Research Analyst with over 5 years of experience in crypto, finance, fintech, blockchain, Web3, and AI. He holds a BSc in Mathematics and is certified in Blockchain and Its Applications (SWAYAM MHRD), Cryptocurrency (Upskillist), and NISM Certifications. Jahnu specializes in technical, on-chain, and fundamental analysis, while also closely tracking global macro trends, regulations, lawsuits, and U.S. equities. With a strong analytical background and editorial insight, he drives content that delivers clarity and depth in the fast-evolving world of digital finance.

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