On-chain investigator ZachXBT is facing an intense reaction from “Crypto Twitter” after announcing a partnership with BNB Chain to track stolen funds and improve the ecosystem’s transparency. The ZachXBT Binance partnership controversy erupted immediately, with users like “k1z4” calling the collaboration “the biggest letdown,” accusing the analyst of hypocrisy for joining the “biggest manipulators in the game.” In response, ZachXBT defended the partnership on X, stating that “chain grants” are one of the few ways he can fund his complex investigations.
The controversy calls into question the integrity and independence of ZachXBT, whose reputation was forged by exposing frauds in the crypto space. Critics argue that he cannot remain impartial while receiving payments from Binance, pointing to the company’s regulatory history and system failures like the October 10 mass liquidation event, which they claim ZachXBT did not investigate. The community also recalled that Binance’s founder, CZ, previously donated to the investigator’s legal defense fund during a defamation lawsuit in 2023.
ZachXBT dismissed the criticism, counterattacking k1z4 for supposedly “gambling away” his overleveraged portfolio, and defended the complexity of his work. He affirmed that he previously could not cover the BNB ecosystem due to a lack of funds, not bias. The market will now watch to see if the ZachXBT Binance partnership controversy affects the investigator’s perceived neutrality and his ability to investigate incidents within the very ecosystem that now funds him.
Source: https://x.com/k1z4_/status/1986321502954750213
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