According to blockchain investigator ZachXBT, he did not label Vultisig as a scam but accused founder JP of negligence, ethical lapses, and failure to refund fees linked to illicit activity.
Blockchain investigator ZachXBT clarified that he never referred to Vultisig as a scam but criticized its founder, JP, for negligence and unethical practices. He cited JP’s refusal to refund fees associated with illegal transactions and alleged that JP’s personal wallet was compromised following a Telegram hack reportedly carried out by North Korean attackers. The incident has raised questions about the security and accountability standards at Vultisig.