Upon crypto investigator ZachXBT’s accusation that YouTuber KSI engaged in a pump-and-dump scheme utilizing his digital asset tokens, including XCAD, Oliver Bell, the founder of the Xcad Network, defended the Youtuber.
ZachXBT published photographs on February 14 depicting KSI’s X account depositing $850,000 worth of tokens in the days that followed after posting about XCAD.
Coffeezilla, an additional crypto investigator, characterized the crypto detective’s posting of multiple instances in which KSI mentioned other tokens before selling the corresponding assets. This instance corresponds to the “definition of a pump and dump.”
The following day, Bell argued that the YouTuber possessed complete authorization to sell his tokens. Bell mentioned KSI in a February 15 post as one of their “largest value adders” who provided product-related introductions and recommendations. According to the executive, KSI sold some tokens, but the YouTuber “bought a lot more” than he sold.
Additionally, Bell refuted the allegations directly, stating that KSI did not pump and dump XCAD. According to Bell, KSI continues to be an active investor and believer with “other wallets” who have been one of their “solid” supporters.
An additional 36 pages were devoted to the defense of the YouTuber by a longtime admirer known as Vibhor, in addition to Bell. Vibhor, who acknowledged potentially harboring a bias towards KSI, stated that the YouTuber exclusively divulges his cryptocurrency transactions on X and is notorious for “instantaneously changing his mind.” The admirer drew a parallel between KSI and CNBC host Jim Cramer, whose predictions may elicit contrasting reactions from investors. Vibhor composed:
“Whenever he says he is gonna HOLD a crypto, that crypto will go down and whenever he says it is time to sell a crypto, that crypto will go up. There is a meme based on this to do the opposite of whatever KSI is doing. And KSI himself has acknowledged that many times.”
Despite this, Coffeezilla, a crypto investigator, remains unconvinced by the argument. Coffeezilla stated in a response video that whether one is a good or poor caller is irrelevant.
Contrary to his assertions, the crypto investigator argued that this does not account for KSI’s trading activities. He added that it is unethical for Cramer to trade against his word and say the same thing. He described such a practice as “pushing and dumping.”
Meanwhile, a community member believes that KSI, known as Olajide Olayinka Williams Olatunji, engaged in malicious behavior. Conversely, another contributor attributes KSI’s actions to their friendship with Logan Paul, an individual involved in a class-action lawsuit concerning a collection of nonfungible tokens.
