Web3 investigator ZachXBT reveals what he claims to be 11 Ethereum and Solana wallets belonging to Murad Mahmudov, a crypto trader who has been actively promoting memecoins on his socials.
On an Oct. 8 X post, crypto sleuth ZachXBT claimed that he has discovered “11 high confidence wallets tied to @MustStopMurad holding ~$24M in meme coins.
He explained to users that he believes they are Murad’s wallets because they have been linked to the same Ethereum(ETH) source and the holdings inside them follow a similar pattern to Murad’s history of meme coin purchase posts.
His revelation earned him mixed reactions from the crypto community on X, with some accusing him of making Murad a target for doxxing by exposing his wallet information. While others have praised him for creating more transparency and claiming that the information ZachXBT shared was already public knowledge.
In a follow up post, ZachXBT explained that he revealed Murad’s wallet addresses so that followers can “monitor his future activities”. Murad has been known for promoting meme coins on his platform and recommending his top picks for followers.
“Murad is making very bold predictions about micro cap memecoins to thousands and thousands of followers while controlling the supply… People deserve to make more informed decisions about the coins they buy,” said ZachXBT.
Murad Mahmudov is a crypto trader that founded Adaptive Capital and was formerly the chief information officer. The crypto hedge fund went bankrupt in March 2020. Since then, he was able to amass a large following on X, building his social media presence on advocating about meme coins.
The crypto sleuth has previously criticized Murad, accusing him of using his large following to promote coins instead of actually having an “edge” on the market.
One X user disagreed with ZachXBT’s decision to expose the Solana(SOL) and Ethereum wallets, saying that Murad has done nothing wrong except “shill memecoins to his followers.”
“Disingenuous or not, I see this as a big risk to someone’s well being,” said @CryptoSrm in a post.
ZachXBT has been widely known in the community for his investigations that have contributed to dozens of seizures, providing on-chain analysis and tracking down stolen funds.
On Oct. 7, the pseudonymous blockchain investigator helped a US senior citizen recover $275,000 in Bitcoin stolen in a social engineering fraud. He also warned the crypto community that the newly launched defi lender Sorta Finance could very well be an exit scam, alleging it was part of a criminal group stealing funds across blockchains in July 2024.
