Crypto trader James Wynn has recently come under fire from blockchain investigator ZachXBT for allegedly pushing meme coin scams. The controversy started after Wynn cautioned his followers that fraudulent tokens using his name were being issued. He told everyone to refrain from engaging in trading, explaining that MOONPIG and were the only coins he supported, and that all other cryptocurrencies were scams.
Crypto trader James Wynn has recently come under fire from blockchain investigator ZachXBT for allegedly pushing meme coin scams. The controversy started after Wynn cautioned his followers that fraudulent tokens using his name were being issued. He told everyone to refrain from engaging in trading, explaining that MOONPIG and were the only coins he supported, and that all other cryptocurrencies were scams.
ZachXBT responded, pointing out that Wynn was engaging in exactly the behavior he had warned against. According to him, Wynn has been involved in promoting other fraudulent operations in the past. The remark made people once again focus on Wynn’s history in cryptocurrency. People started posting proof to support the claims.
An X user named Dylan initiated a lengthy discussion comprising 15 threads. The project showcased in the thread is called BabyPepe. He claimed Wynn asked the BabyPepe developers for a private share of the tokens, “Can you secure me a bag?”
Allegedly, Wynn secured 2% of the token supply, worth around $57,000. He promised the team he could boost the token’s market cap to $20 million. Shortly after, he mentioned the project in his Telegram group and is reported to have sold his entire token holding soon after.
According to Dylan, Wynn pocketed roughly $68,000 within a few hours. Next, he blocked the BabyPepe group on every available channel. According to the thread, there was no more communication after that.
The crypto community has strong opinions about what happened. Users have voiced criticism towards Wynn, alleging that he led his followers astray for personal reasons. Reports say he cheated others and made it seem like he was battling fraud.
Wynn has not commented on any of the allegations. Despite the mounting pressure, he has not responded. People who disagree say his silence gives them more questions about what he did before. According to his supporters, he may want to address the allegations later.
Wynn is famous for taking on big risks within the trading world. He attracted notice for a recent trade that utilized 40X leverage. Adding weight to the claims is ZachXBT, with his strong reputation for uncovering scams and exposing fraudulent schemes within the cryptocurrency space. The event has prompted more people to demand accountability from cryptocurrency influencers.
