Allegations Surface
YouTube sensation KSI, known for his content across various platforms, faces accusations of engaging in pump-and-dump schemes in the cryptocurrency market.
Reviving Old Accounts
KSI recently reopened his old crypto-focused X account, sparking interest and scrutiny from crypto investigators ZachXBT and Coffeezilla.
Cryptic Messages and Transactions
After reactivating his account, KSI shared posts about his crypto investments, prompting comments and analysis from ZachXBT, who highlighted instances of token sales following KSI’s endorsements.
Past Patterns and Trading Behavior
ZachXBT presented evidence of KSI’s previous endorsements of projects like XCAD Network and Ethernity Chain, followed by significant token sales shortly after.
KSI’s Response
In response to the allegations, KSI acknowledged his involvement in the mentioned projects but denied any malicious intent. He claimed that his actions were influenced by a belief that tweeting about his investments led to adverse outcomes, leading him to “tweet the opposite” of his actions.
Counterarguments and Analysis
Coffeezilla countered KSI’s explanation, labeling his behavior as a classic pump-and-dump strategy. The YouTuber argued that regardless of intent, the discrepancy between public endorsements and private actions constitutes market manipulation.
Broader Context
KSI’s association with fellow YouTuber Logan Paul, who faces his own crypto-related controversies, adds complexity to the situation. Paul’s involvement in a class-action lawsuit over an NFT project further highlights the scrutiny faced by influencers in the crypto space.
