ZachXBT Flags Deceptive X Account Posing as Trust Wallet Victim in Ongoing Scam Operation

Blockchain researcher ZachXBT recently uncovered a coordinated deception scheme targeting the cryptocurrency community. An X account was found to be fraudulently impersonating a Trust Wallet user who allegedly suffered from a vulnerability, but the investigation revealed the account’s true purpose: orchestrating a multi-layered scam operation.

The suspicious account displayed several red flags that exposed its fraudulent nature. Most notably, it had rotated its username more than 44 times—an unusually high number that suggested deliberate evasion tactics. Additionally, the account demonstrated minimal genuine activity, with sparse original content posted to its timeline.

What made this case particularly deceptive was the strategic use of pre-blocking features on its own posts. This unusual configuration prevented ordinary interactions and visibility, likely designed to manipulate engagement metrics and control the narrative. The account’s core strategy centered on fabricating a false victim persona, leveraging the sympathetic narrative to lure unsuspecting users into various memecoin schemes.

ZachXBT’s investigation identified connections between this impersonation account and multiple memecoin scams, suggesting a coordinated effort rather than isolated incidents. The pattern of behavior—frequent username changes, minimal content, selective post blocking, and involvement in memecoin pump-and-dumps—paints a clear picture of sophisticated social engineering.

This discovery serves as a critical reminder for the community: verify account authenticity, scrutinize unusually frequent profile changes, and remain skeptical of sudden victim narratives seeking community support. Such tactics continue to evolve in the crypto space, making vigilance essential.