On Tuesday, well-liked YouTuber KSI returned to crypto after nearly two years. After his return, a crypto investigator mentioned a few of the YouTuber’s alleged shady practices from 2021 and 2022.
KSI’s Second Coming To The Crypto Kingdom
British YouTuber and boxer Olajide Olayinka Williams Olatunji, professionally referred to as KSI, got here again to the crypto group after nearly two years away. The content material creator revived his crypto-related X account on February 13, asking, “Does this still work?”
The web movie star rose to fame at first of the final decade because of the vlogging and gaming content material posted on his YouTube channel. Since then, KSI has amassed a big following, with over 24 million subscribers. His crypto-related X account, created in March 2021, has over 372,000 followers.
Inb4 he begins sharing rubbish once more.
Dumping your tokens on Logan Paul’s lapdog is permitted and inspired.
— ZachXBT (@zachxbt) February 13, 2024
Shortly after KSI’s return, crypto investigator ZachXBT known as out the YouTuber for allegedly participating in shady practices over the last bull run. In line with the investigator, KSI was “shilling a couple of the scammy Polkastarter IDOs that went to zero way before the bull market ended last run.”
The crypto detective then revealed that KSI had allegedly manipulated the market on a minimum of three events. In line with the investigator, on March 27, 2022, the YouTuber posted that he was a part of XCAD’s “#HodlGang” earlier than promoting roughly $850,000 price of the token within the following days.
On March 20, 2021, KSI introduced two NFT cash he seemingly was bullish on: SUPER and ERN. Within the following hours, the content material creator proceeded to promote round $349,000 price of the ERN token, as the info proven by the crypto detective reveals.
Bear in mind when KSI posted
“All of a sudden, my $XCAD bag is looking juicy again. #HodlGang”
Then proceeded to dump $850,000 price of XCAD over the next days from his pockets deal with. https://t.co/qAEIRYGTMd pic.twitter.com/Gn6LMybQia
— ZachXBT (@zachxbt) February 13, 2024
Lastly, on Might 5, 2021, the crypto sleuth discovered one other submit of the YouTuber hyping a token earlier than dumping his remaining tokens within the subsequent hour for a $25,000 revenue.
In line with the detective, he beforehand confirmed that the analyzed pockets deal with belonged to KSI by utilizing his OpenSea username, an honorary NFT, and a Mutant Ape NFT, which he had beforehand claimed as his.
Pumping-And-Dumping Or Unhealthy At Crypto?
Because of the nature of the accusations, Stephen Findeisen, the favored web rip-off detective referred to as Coffeezilla, reached out to the YouTuber for feedback. KSI replied, and his solutions had been featured in a Coffeezilla YouTube video.
In line with KSI, he by no means left the crypto area as a result of it’s “hard to leave when you invested years into it.” As a substitute, he claims to have been watching trade developments from the shadows since he final posted on his crypto-dedicated account in November 2022.
The replies to the investigator’s questions present that, at first, KSI didn’t outright deny the pump-and-dump allegations. The YouTuber claimed he nonetheless holds a few of his XCAD bag and absolutely believes within the mission.
He additionally argued that the rationale behind promoting after hyping the token was “to put into Luna thinking I would profit more to buy back more Xcad.” This in the end resulted in KSI “taking a major L.”
Screenshot of KSI's response. Supply: Coffeezilla on Youtube
After additional questioning, KSI assured that he didn’t intend to rip-off his followers maliciously. In line with his replies, his personal actions opposed his public claims as a result of his observe file confirmed that he was “bad at crypto,” making him really feel just like the market was towards him.
Many group members had been uncomfortable with the YouTuber’s replies, stating that being “bad at crypto” doesn’t cancel the “pump-and-dump” schemes he allegedly pulled. Some X customers compared these findings to one among YouTuber Logan Paul’s allegations that surged years in the past.
Bitcoin is buying and selling at $52,278.6 within the hourly chart. Supply: BTCUSDT on TradingView.com
Featured picture from Unsplash.com, Chart from Tradingview.com
