ZachXBT, the crypto sleuth who broke the Wonderland scandal, is seeking to continue his work thanks to a crowdfunding campaign via Gitcoin grants.
Gitcoin grants is a crowdfunding platform which uses ‘quadratic funding’ to match and exceed community contributions. Quadratic fund matching comes from a large money pool which tops up contributions. So far ZachXBT has raised almost $40,000; $9,384 from the community with a further $30,000 in quadratic funding. The fundraiser was launched last week and is ongoing.
ZachXBT intends to use the money raised to cover costs and expenses and to pay himself for the considerable time and effort he expends.
According to ZachXBT,“All funding received will go to future legal costs, equipment upgrades, and to whatever you value my time working about 8+ hours daily, researching & answering as many people as humanly possible. All of my work thus far has gone unpaid, besides a donation address I set up at the end of January.”
At the start of the year, the crypto detective uncovered his biggest story to date. At the end of January, ZachXBT raised the alarm on Wonderland, revealing that pseudonymous treasury manager 0xSifu was in fact Michael Patryn, a convicted criminal and the co-founder of defunct Canadian crypto exchange QuadrigaCX.
That reveal made headlines across the cryptosphere and pressured Patryn to stand down from his role. The ousted Patryn went on to create a new token and named it after himself.
Other investigations
The Wonderland scandal may have been the biggest story of ZachXBT’s career, but the investigator has continued his work with a string of other cases. In a single week in February, ZachXBT exposed a dodgy NFT promoter, and a pump and dump influencer with ties to a VC firm.
Most recently, ZachXBT revealed that a smart contract at the heart of 31 NFT projects had a critical vulnerability allowing a third party to drain them. Coincidentally, the NFT projects had all contracted the same developer on Fiver.
The developer denies any wrongdoing. The full list of projects believed to be at risk is below.
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