Blockchain researcher Zachxbt has publicly accused a high risk trader James Wynn of hypocrisy and misleading commercial practices.
In a May 28 after On X Zachxbt claimed that Wynn, who recently condemned scam tokens to his name, previously dealt with comparable pump-and-dump tactics with memecoins.
The controversy started after Wynn had warned his followers for a token that was launched in his name and stated that a group he called “The Cabal” operated his identity to launch scinding projects.
According to him:
“The Cabal launches coins in my name and pluck them. This is a heavily grown coin and goes to zero. Do not buy.”
However, Zachxbt pushed back and claimed that Wynn had previously promoted and dumped comparable low-cap tokens.
The blockchain researcher accused The trader of “gambling with stolen money” on hyperliquid, which implies that Wynn benefited from unethical deals and at the same time denounces such behavior.
Who is James Wynn?
Wynn is a self-proclaimed high-risk lever dealer who has quickly become one of the most prominent figures in crypto social media circles in recent months.
His aggressive trade on Hyperliquid, a decentralized derivatives platform, turned heads, especially after he had a 40x lifting tree position on Bitcoin when it rose to new highlights.
This weekend Wynn billion dollars built transactions on both long and short sides of the market, giving them the attention of high distribution.
These bets with high-stakes have pushed him into the spotlight. Facts From the Blockchain analysis platform, Lookonchain shows that he has carried out 39 transactions in the last three months, with 17 profit, for a success rate of 45%.
The company stated that its transactions generated more than $ 2 million in reimbursements for the decentralized platform and he ran away with more than $ 25 million profit.
In addition to acting, Wynn has that too framed himself as a defender of decentralization and ethics.
He once claimed that he rejected a monthly $ 1 million offer from Bybit, with reference to concern about centralized exchange practices. Instead, he praised hyperliquid and said:
‘[Hyperliquid] Is our only choice to breathe new life into the confidence in this industry. “
Old allegations come up again
Despite Wynn’s anti-scam rhetoric, the allegations from the past continue to doubt his reputation.
In 2024, a crypto user, Dylan, published a detailed one wire Wynn accusing the secretly requesting private commitments in the Babype -Token.
Screenshots in the thread are said to have demonstrated Wynn to request 2% of the token stock in exchange for helping the currency to reach a $ 20 million.
After a brief mention in his telegram group, Wynn reportedly sold the tokens for a quick win of $ 68,000 and then broke all contact with the team.
Beyond Babype, Wynn also confronted resists For pushing other low-cap tokens such as Elon and Wynn, who are reportedly related to his identity.
The trader is also linked to Alameda Research, the defeated crypto-market preparation of the failed FTX exchange.
FTX creditor activist Sunil Kavuri noted that the early portfolios of Wynn received Eth from Alameda and suggested that Wynn may have benefited from Insider tips.
According to Kavuri, Wynn received 6,000 ETH in 2020 from Alameda. The FTX creditor activist claimed that this early capital helped with the financing of Wynn’s Memecoin transactions and large-scale positions that now define his public profile.
He stated:
“James Wynn acts like Alameda on steroids because he was probably a trader there.”