Onchain investigator ZachXBT has sparked widespread speculation across the crypto industry after announcing that he will release a major investigative report on February 26.
The report is likely targeting what he described as “one of the most profitable businesses in crypto.”
In a post on X, the pseudonymous researcher alleged that multiple employees at the unnamed company had abused access to internal data to carry out insider trading over a prolonged period, raising concerns about transparency and governance within major crypto platforms.
ZachXBT’s announcement sparks market reaction
The announcement quickly fueled prediction-market activity, particularly on Polymarket, where users began wagering on which company could be the subject of the investigation.
Based on current market information, Solana-based protocol Meteora has come out as the top contender, according to betting odds that briefly touched 48 percent before settling down at 34 percent, although still significantly ahead of other likely culprits, which are largely clustered around the 10 percent mark.
The sudden spurt in speculations reflects the increasing sensitivity of crypto markets to social cues and investigative whispers, particularly when these come from prominent blockchain sleuths.
ZachXBT’s track record boosts credibility of latest crypto investigation claims
ZachXBT has also been known to expose a number of high-profile scams, exploits, and insider actions in the past, which makes traders and people who watch the space more likely to believe what he says.
So, even though no real information has been confirmed yet, the fact that the report is coming out has already changed how people feel.
At this point, no company has been named, and no statement has been issued by any of the suspected platforms.
The investigator has also not shared any concrete information about the evidence, timeline, or methods of the alleged insider trading mechanisms, which has left markets operating on pure speculation.
This particular situation highlights the growing importance of independent investigators in the crypto space, as well as the delicacy of insider information in decentralized finance spaces.
With the full report set to be released on February 26, the community is eagerly awaiting information that may have the potential to affect market confidence and platform reputation based on the findings of the report.