Web3 Sleuth ZachXBT Awarded $150,000 Arkham Bounty for Uncovering DJT Token Issuer

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As a researcher with a background in blockchain technology and digital forensics, I’ve followed the developments surrounding the DJT token with great interest. The recent revelation that Martin Shkreli, a notorious figure in the pharmaceutical industry, was behind its creation came as a surprising turn of events.

The story started when the DJT token, or “Trump Coin”, was introduced and became active under the ticker symbol DJT. Though there was much anticipation, it remained unclear if Trump himself was associated with its creation. In response, Arkham placed a large reward for anyone able to provide undeniable evidence of the token’s creator’s identity.

On social media platform X, Arkham wrote: “I give up, let’s splurge! The first individual who can irrefutably unmask the creator of $DJT will receive a reward of $150,000.”

Hours later, they announced that the bounty has been solved by popular web3 sleuth ZachXBT.

This bounty has been solved by @zachxbt.

As a crypto investor, I came across some compelling evidence at 11:49 pm UTC suggesting that Martin Shkreli was indeed the mind behind the creation of the $DJT token.

As a crypto investor, I came across some exclusive information that hadn’t been shared anywhere online yet. Later on, this information became publicly available for everyone to see.

Zach Thread Below:…

— Arkham (@ArkhamIntel) June 19, 2024

A Surprising Revelation

I, as an analyst, can recount how swiftly the situation unfolded after my submission, according to ZachXBT’s personal account.

He detailed:

For those who are confused and need additional context.

Earlier today Arkham announced a $150K bounty for the identity of the DJT creator

At 11:49 pm UTC, I notified Arkham that I had submitted an application for the bounty. A few minutes later, at 11:57 pm UTC, I received a frantic message from Martin Shkreli. By midnight, he continued to message me intensely. (Note: This is just one way of paraphrasing, and there are many other ways to express the same idea.)

— ZachXBT (@zachxbt) June 19, 2024

Martin Shkreli, the notoriously contentious pharmaceutical investor nicknamed “Pharma Bro,” disclosed his involvement in creating the DJT token during a Twitter Spaces discussion. He revealed that he had partnered with Barron Trump, Donald Trump’s youngest son, to spearhead this project. Shkreli added that a team of approximately 40-50 individuals worked together on launching the token.

Legal Troubles and Market Reactions

Shkreli, freed from prison in May 2022, carries a past marked by legal issues. He is permanently barred from the pharmaceutical sector and faces a significant debt of approximately $64 million as part of a securities fraud settlement.

The DJT token linking to Shkreli could make his existing legal troubles even more intricate. According to attorney and Cinneamhain Ventures associate Adam Cochran, this association may infringe upon the conditions of his parole, possibly resulting in additional complexities.

As a crypto investor, I’ve noticed some intriguing developments regarding the DJT token built on the Solana blockchain. The price hike of this token was quite impressive, reportedly soaring by 180% after rumors circulated about its connection to the Trump family. However, these claims have sparked skepticism within the crypto community. I’m not entirely convinced by Martin Shkreli’s assertions and remain curious about the true nature and backing of the DJT token. The legitimacy of this token still needs further clarification.

As a crypto investor, I’ve been closely following the developments surrounding the DJT token and ZachXBT’s discovery of its origins. This incident underscores the importance of vigilance and accountability in our expanding cryptocurrency market. With more players entering the scene, the role of investigators and regulatory bodies becomes even more crucial to uphold transparency and adherence to compliance standards.

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2024-06-20 13:53