ZachXBT exposes Murad Mahmudov’s 11 meme coin wallets

Web3 researcher ZachXBT has uncovered 11 Ethereum and Solana wallets that he claims belong to Murad Mahmudov, a crypto trader who actively promotes memecoins on social media.

In an Oct. 8 post, crypto detective ZachXBT claimed to have discovered “11 high-security wallets linked to @MustStopMurad holding approximately $24 million in meme money.”

He explained to users that he believed these were Murad’s wallets because they were connected to the same Ethereum(ETH) source and the assets within them followed a similar pattern to Murad’s history of meme coin purchase posts.

His revelation sparked mixed reactions from the crypto community on X; Some accused her of making Murad a target for revealing personal information by revealing his wallet information. Others praised him for creating more transparency and claiming that the information ZachXBT shared was already public.

In a follow-up post, ZachXBT explained that it disclosed Murad’s wallet addresses so his followers could “monitor his future activities.” Murad is known for promoting meme coins on his platform and recommending his top picks to his followers.

“Murad is making very bold predictions about microcap memecoins to thousands and thousands of followers while controlling the supply. People deserve to make more informed decisions about the coins they buy,” ZachXBT said.

Murad Mahmudov is a crypto trader who founded Adaptive Capital and was previously its chief information officer. The crypto hedge fund went bankrupt in March 2020. He has since managed to amass a large following on X and has built his social media presence around his advocacy of meme money.

The crypto detective had previously criticized Murad, accusing him of using his large following to promote coins rather than gaining an “advantage” in the market.

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“Disingenuous or not, I see this as a huge risk to someone’s health,” @CryptoSrm said in a post.

ZachXBT is widely known in the community for its research, which has contributed to dozens of hijacks, provides on-chain analysis, and tracks stolen funds.

On October 7, the pseudonymous blockchain researcher helped a US senior citizen recover $275,000 in Bitcoin stolen through a social engineering scam. He also warned the crypto community that newly launched lender Sorta Finance could very well be an exit scam, claiming it was part of a criminal group stealing funds via blockchains in July 2024.