Blockchain investigator ZachXBT revealed that several meme coins using his likeness were created across multiple blockchain networks during the past week. According to reports from crypto.news, the investigator stated he did not promote, support, or launch any of these tokens. The copycat meme coins were created without his support or promotion, demonstrating how meme coin creators often use public figures' names to attract attention from traders. As reported by crypto.news, ZachXBT has long kept meme coins at arm's length, with his publicly stated case criteria excluding meme coins and prediction markets entirely, alongside thefts below $250,000 per victim.
ZachXBT sold all tokens sent to his donation wallet and donated approximately $25,000 to charities through The Giving Block to support Venezuela earthquake relief. As reported by crypto.news, he sent 25,000 USDT to GiveDirectly on July 6 at 4:16 a.m. UTC, followed by 5,000 USDT to Direct Relief later the same morning at 4:51 a.m. UTC. Additionally, he sent 153 SOL, worth about $11,000, to Direct Relief on June 28. The funds were specifically directed to support the Venezuela earthquake response through these charities. The investigator shared a transaction hash showing the 25,000 Tether transfer, letting anyone verify the donation onchain and move to shut down manipulation claims before they spread further.
Impersonators often send tokens to public donation wallets to imply endorsement, borrowing credibility from a known name without permission and leaving the target holding assets they never asked for. According to crypto.news, some accounts had accused the investigator of quietly profiting from the tokens, but by selling everything and publishing receipts, he moved to shut down manipulation claims before they spread further. The pattern is familiar, with tokens tied to famous names or franchises often pumping on attention alone, as recent GTA 6 meme coins demonstrated in June. ZachXBT previously exposed 16 X accounts that shilled meme coins to followers, highlighting the persistent problem of impersonation tokens in the crypto industry.
The donation targets one of the region's worst disasters in decades, with Venezuela recording 7.2 and 7.5 magnitude earthquakes on June 24, the strongest in the country since 1900, according to GiveDirectly. The charity's campaign has raised more than $438,000 of a $1 million goal to send cash directly to affected families. The crypto industry mobilized quickly after the quakes, with exchanges, humanitarian groups, and community campaigns opening Venezuela crypto donation channels within days, with stablecoins moving faster than traditional aid rails. Impersonation tokens remain a stubborn problem, with even an FBI-created crypto token designed to catch criminals pumping 19x this year after gaining attention on X.
