ZachXBT disavows unauthorized meme coins, says $41,000 donated to relief

The on-chain investigator said he has never promoted or launched any token using his name, and proceeds from unsolicited tokens sent to his public wallet were donated to GiveDirectly and Direct Relief.

USDT

SOL

21d ago

Fact Check

The claim is corroborated by multiple independent sources. Both crypto.news and Cryptobriefing report that ZachXBT disavowed any unauthorized meme coins using his name and donated ~$41,000 in proceeds to GiveDirectly and Direct Relief. Multiple X aggregators (PANews, Crypto Intel Labs, WuBlockchain) reproduce identical figures and cite ZachXBT's own Telegram statement, providing a consistent chain back to the originator. Minor variations exist in how the donation is broken down (e.g., $30K vs $41K in one aggregator's headline, differing intermediate figures), but the core facts—disavowal of tokens and ~$41,000 charitable donation to the two named organizations—are consistent across sources.

Summary

ZachXBT said meme coin creators have launched tokens using his name and likeness without permission and reiterated that he has never promoted, supported or created any such token. He said unsolicited tokens sent to his public wallet were sold, with roughly $41,000 in proceeds donated through The Giving Block to GiveDirectly and Direct Relief for Venezuela earthquake response efforts. He shared receipts showing 25,000 USDT sent to GiveDirectly on July 6 at 4:16 a.m. UTC, 5,000 USDT sent to Direct Relief later that morning at 4:51 a.m. UTC, and 153 SOL worth about $11,000 sent to Direct Relief on June 28. The episode adds detail to a broader pattern in which meme coin creators use public figures' names and branding to attract traders, even when those figures explicitly deny involvement.

Terms & Concepts

meme coin: a token whose trading activity is driven mainly by internet culture, hype or speculation rather than a clear utility.
on-chain: visible on a blockchain ledger, allowing transactions or wallet activity to be independently verified.
public wallet: a blockchain address whose transactions can be viewed openly by anyone using network data.