TL;DR:
- An anonymous user on the social network X claimed that the true identity of blockchain investigator ZachXBT corresponds to Zachary Wolk.
- The accusation is based on Texas federal court records derived from a defamation lawsuit filed in 2023.
- The report alleges that the investigator received funding from industry firms and modified his editorial stance after obtaining financial benefits.
An X user, under the pseudonym Matthew, published a long thread on his account claiming to have discovered the real identity of the well-known crypto analyst ZachXBT. The report directly links the investigator to alleged fraud activities and corporate favoritism within the digital ecosystem.
1/ Meet Zachary Wolk (@zachxbt), the crypto investigator who’s exposed $500M+ in fraud.
He investigated everyone. Nobody ever investigated him.
I found him in a free neighborhood paper. Also found ~$5M of “donations” from the people who never appear in his threads. pic.twitter.com/QPiY0F5VKu
— Matthew (@matthewabides) May 22, 2026
Open-source investigation details
The publication points out that the real name behind the investigator’s account is Zachary Wolk. Data published by Matthew indicates that the first documentary evidence comes from a defamation lawsuit filed against the analyst by Jeffery Huang in a Texas federal court during 2023. CourtListener records archived in that legal process explicitly mention a defendant by that name residing in Kingsland.
Matthew took that information to launch a deep open-source intelligence (OSINT) investigation to track the individual’s history. Sports records from the Swimcloud platform show a swimmer of the same name who competed for the Austin Swim Club between 2009 and 2015. Historical data indicates that the registration of the X account occurred in February 2015, coinciding with the Texas state swimming finals. This timeline aligns with previous statements from the investigator, who claimed to have entered the tech sector in 2017 while pursuing university studies.
On the other hand, the accusation details that the analyst offered a $10,000 bounty on May 7, 2026, to obtain identity documents of the LAB founder, Vova Sadkov. According to Matthew’s approach, paying for protected government information could violate sections of the U.S. penal code.
Financial links and allegations of selectivity
The argument described in the long thread questions the neutrality of the investigations published on the social network. As an example, Matthew cited a January 2025 case related to the ZACHXBT token, where the analyst received 50% of the total supply from an anonymous developer and subsequently liquidated 16,059 SOL, equivalent to $3.87 million at that time.
According to the source’s report, the community defense fund established in June 2023 raised $1.1 million with contributions from prominent figures such as Changpeng Zhao and Justin Sun. Likewise, the presented data maintains that the entity received financial allocations from protocols like Optimism and Hyperliquid. Matthew’s report alleges that, after receiving 10,000 HYPE tokens valued at $600,000 on January 18, 2026, the analyst halted the publication of critical reports about said platform for the following four months.
Despite the severity of the statements, the user community’s response remains favorable toward the blockchain investigator. Multiple profiles on the social network argued that revealing the identity of an analyst who tracks illicit financing puts his physical integrity at risk. ZachXBT did not issue direct comments regarding the identity allegations, limiting himself to responding on the same day to inquiries from users affected by the KuCoin exchange, where he reiterated the operational difficulties in collaborating with European authorities.
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