Web3 Investigator ZachXBT Uncovers 11 Ethereum and Solana Wallets Linked to Murad Mahmudov

Web3 investigator ZachXBT has identified what he claims are 11 Ethereum and Solana wallets belonging to Murad Mahmudov, a prominent crypto trader known for his active promotion of memecoins on social media.

Discovery of High-Confidence Wallets

On October 8, ZachXBT posted on X, stating that he had discovered “11 high confidence wallets tied to @MustStopMurad holding approximately $24 million in meme coins.” He explained that these wallets are likely Murad’s because they share the same Ethereum source and exhibit similar patterns to Murad’s previous memecoin purchase posts.

“I uncovered 11 high confidence wallets tied to @MustStopMurad holding ~$24M in meme coins on Ethereum and Solana so the community can monitor his future activity.”

— ZachXBT (@zachxbt) October 9, 2024

Community Reactions

The revelation sparked mixed reactions within the crypto community. Some accused ZachXBT of exposing Murad to potential harm by revealing his wallet information. Others praised the move for increasing transparency, arguing that the information was already public knowledge.

ZachXBT’s Justification

In a follow-up post, ZachXBT clarified that he revealed Murad’s wallet addresses to enable followers to “monitor his future activities.” He pointed out that Murad often makes bold predictions about micro cap memecoins to his large follower base while controlling the supply. ZachXBT emphasized, “People deserve to make more informed decisions about the coins they buy.”

Murad Mahmudov’s Background

Murad Mahmudov is a well-known crypto trader who founded Adaptive Capital and served as its Chief Information Officer before the hedge fund went bankrupt in March 2020. Since then, he has amassed a significant following on social media, primarily advocating for memecoins.

Previous Criticisms

ZachXBT has previously criticized Murad, accusing him of leveraging his large following to promote coins rather than having genuine market insight. One X user argued that exposing Murad’s wallets was unnecessary, stating, “Disingenuous or not, I see this as a big risk to someone’s well-being.”

ZachXBT’s Contributions

ZachXBT is well-known in the crypto community for his investigative work, which has led to numerous seizures and the recovery of stolen funds. On October 7, he assisted a US senior citizen in recovering $275,000 worth of Bitcoin stolen through social engineering fraud. He also warned the community about the potential exit scam of the newly launched DeFi lender Sorta Finance, which he alleged was part of a criminal group stealing funds across blockchains in July 2024.

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