ZachXBT said a large-scale investigation will begin on February 26, targeting what he described as one of crypto���s most lucrative businesses. In his social media post, he claimed numerous employees had profited illegally from insider leaks. That statement quickly shifted attention across the market, with traders not only debating the accusation itself but also positioning around whatever price reaction the disclosure might trigger.
A date is public, but the target remains unnamed
ZachXBT has built his reputation by tracing major hacks and scandals across the crypto sector. The source article says his work has drawn interest from IRS agents seeking his expertise for training. This time, though, he did not identify a company or protocol. He only laid out the timing and the alleged conduct: a major investigation focused on a profitable business segment where employees used non-public information for illicit gains.
The article also points to a broader change in market behavior. What once drew curiosity or moral debate now fuels direct speculation. Traders are watching not just for confirmation, but for which assets or platforms could take the hit once the report is released.
USD1 depegs as WLFI chatter intensifies
At the same time, stablecoin USD1 came under heavy selling pressure and slipped below its intended dollar peg. The report says the Trump family is associated with the launch of the token, which had already drawn attention over allegations tied to $500 million in bribes linked to the UAE. According to the article, the latest depegging episode appeared to be connected to Eric Trump deleting social media posts related to WLFI, a coin already surrounded by controversy.
A crypto analyst using the name Retardmode then posted screenshots of those deleted messages and argued that ZachXBT’s coming report could focus on the WLFI/bonk project. ZachXBT did not confirm that claim in the source material, but the deleted posts and the timing were enough to intensify market suspicion.
WLFI says accounts were hacked and shorts were opened
Hours after the claims spread, WLFI released a statement saying USD1 had come under a coordinated attack that morning. The project said attackers had hacked the accounts of its co-founders, paid influencers to spread FUD, and opened major short positions against WLFI to profit from the resulting turmoil. WLFI also said operations remained stable because USD1 had full 1:1 backing and functioning redemption mechanisms, urging users to rely only on verified channels.
The statement did not end the debate. If anything, it pushed more attention toward the connection between WLFI and USD1, while leaving the core questions unanswered ahead of the scheduled disclosure.
Binance speculation adds another layer
The source article also says negative rumors around Binance have been building, leading to speculation that the exchange could appear in the upcoming revelations. As the world’s largest crypto exchange by trading volume, Binance is especially exposed to market reaction whenever allegations of insider trading or internal corruption begin circulating. The piece also notes market chatter about Binance’s possible role in a roughly $500 million WLFI share sale conducted through USD1 in the UAE, though it provides no additional evidence beyond that claim.
Meanwhile, a highly volatile meme coin called USD0 has entered the market, with the article tying its swings to recent events. It adds that more alternatives could emerge if USD1 remains under pressure. Before the February 26 release arrives, traders appear focused on one thing: how far the rumors spread, and which assets absorb the volatility first.