ZachXBT accuses Tokenlon and imToken of involvement in scams and illegal fund flows

Golden Finance reports that on May 4th, “On-Chain Detective” ZachXBT posted on the X platform, publicly criticizing Tokenlon and imToken, claiming they have become high-risk channels for illegal fund flows, and stating that further actions will be taken against the relevant platforms.
It is said that most of Tokenlon’s trading volume comes from “pig butchering” scams, investment fraud, and various illegal market activities, and he directly stated that co-founder Ben He should “bear legal responsibility for related behaviors.” He mentioned that in the future, investigations and crackdowns on the Tokenlon and imToken systems will continue. Tokenlon has almost no genuine trading demand outside Southeast Asia, and a significant proportion of its on-chain activity is related to illegal fund flows, a problem that has noticeably worsened since 2022. Additionally, ZachXBT also named several so-called “offshore large-scale trading and aggregation platforms,” including Butter Network, HiFiSwap, Bridgers / SWFT, and Tokenlon, stating they should be subject to stricter regulation and crackdowns due to potential criminal activities.

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