ZachXBT reveals Martin Shkreli as the creator of the Trump meme coin DJT, wins a €150,000 reward

Blockchain detective ZachXBT has been awarded a $150,000 bounty by the Arkham blockchain analysis platform for exposing controversial entrepreneur Martin Shkreli as the creator of the DJT token based on Donald Trump.

Arkham Bounty Announcement and Disclosure

On Wednesday, Arkham released a statement announcing that ZachXBT had successfully cracked the mystery of the DJT token creator. Arkham stated, "The bounty has been resolved by ZachXBT. Zach submitted conclusive evidence at 11:49 p.m. UTC, proving that Martin Shkreli is the creator of the $DJT token." ZachXBT expressed gratitude in response, saying, "Thank you for honoring the bounty."

Trump Issuing Official Token DJT? The Coin Circle is Filled with Memes, Arkham Vows to Expose the Mastermind Behind the Scenes

The Craze of DJT Token

Earlier this week, the DJT token garnered significant attention due to a rumor directly related to former U.S. President Trump. This rumor spread by Pirate Wires caused the token's value to surge over 300% on Tuesday. Unverified reports suggested that Shkreli, notorious for securities fraud, openly supported the coin, claiming DJT to be the official token of Trump's campaign. He even bet $100 million against the coin's legitimacy with crypto trader GCR, but later claimed that GCR had retracted the bet.

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ZachXBT's Investigation and Evidence

On Tuesday night, Arkham announced a $150,000 reward for identifying the creator of the DJT token. Renowned blockchain investigator ZachXBT quickly accepted the challenge. Shortly after, ZachXBT revealed that Shkreli had messaged him directly, admitting that he and "Barron" had created the token together. The name seemingly refers to Trump's son Barron Trump, although there is no evidence of Barron Trump's involvement. Shkreli later confirmed his role in creating DJT during an X Spaces event he hosted that night.

Martin Shkreli's Controversial Background

Martin Shkreli, often referred to as "pharma bro," gained notoriety in 2015 for raising the price of a life-saving drug by over 5000% while serving as the CEO of Turing Pharmaceuticals, making it unaffordable. This price manipulation drew public condemnation. In 2017, Shkreli was sentenced to seven years in prison for unrelated securities fraud charges and was released early in 2022.

DJT Surges After Disclosure

DJT surged over 30% after the disclosure: