On-Chain Detective ZachXBT Reveals Rampant Fraud: Impersonating Victims to Frame Trust Wallet

0xInsomnia · 2026-01-12T08:46:20+00:00

Renowned analyst ZachXBT uncovered a fake scam case where scammers impersonated Trust Wallet hack victims, frequently changing account names and posting false information to attract attention, participating in multiple meme coin scams. This case highlights the importance of on-chain analysis, and users should exercise caution when verifying security statements.

0xInsomnia

2026-01-12 08:46:20

Abstract generation in progress

Recently, well-known on-chain analyst ZachXBT conducted ongoing monitoring on the X platform and uncovered a carefully disguised scam case. An account claiming to be a victim of a Trust Wallet hack was actually a cunning scammer who impersonated a female user and fabricated false security incidents to attract attention.

Suspicious Signs of the Scam Account

ZachXBT’s investigation revealed multiple red flags behind this fraudulent account. Since its creation in 2023, the account has exhibited highly abnormal activity patterns: its username was changed 44 times in a relatively short period, which is a clear warning sign. More notably, this account also participated in multiple meme coin-related scams, further confirming its malicious intent.

The entire account has only posted 234 times but has frequently changed identity and strategy during this process. Ironically, the account had blocked ZachXBT in advance, attempting to prevent the on-chain detective’s investigation—a blatant evasive behavior that directly exposes its ulterior motives.

The Value of On-Chain Analysis

This case fully demonstrates why independent analysts like ZachXBT are needed in the cryptocurrency ecosystem. In an era where information is difficult to verify, tracking on-chain data and analyzing account behavior can effectively identify scammers’ tricks. Such scam cases remind community members that any account claiming to have experienced a security incident should be carefully verified, rather than blindly trusted.

Trust Wallet users should enhance their alertness and verify the authenticity of any security incident statements through official channels first.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.