SlowMist Founder Cos (Yu Xian): Zach Issued a Coin in 2025, Harvested Retail Investors with Unilateral Pools, Then Ran Off with the Money
He clearly stated that the coin in 2025 was not issued by ZachXBT himself, but was airdropped to him after being issued by others, with Zach leveraging his own popularity to operate.
Zach's actual behavior was a brutal unilateral withdrawal from the pool, directly harvesting liquidity.
Source: Public Information
ABAB AI Insight
Cos (Yu Xian), as the founder of SlowMist, has long focused on blockchain security and on-chain tracking, previously clarifying industry controversies multiple times. This response continues his attention to the well-known on-chain detective ZachXBT, who gained a reputation for exposing multiple hacks and scams but became embroiled in similar accusations during the 2025 memecoin incident.
In terms of capital pathways, ZachXBT quickly monetized through airdropped tokens and unilateral liquidity operations, converting funds from community hype directly into personal SOL earnings (previous similar incidents had accumulated costs of millions of dollars). The motivation was to exploit personal IP for short-term arbitrage rather than long-term project development, shifting resources from detective reputation to one-time liquidity extraction.
Similar unilateral withdrawal incidents after KOL airdrops in 2024-2025, as well as controversies surrounding on-chain detectives transitioning to memecoin operations, indicate that the crypto community is currently in a transformation phase from expanding personal IP influence to strict reputation and operational discipline control.
Essentially, this represents capital concentration: the IP of well-known on-chain figures is rapidly monetized, with pricing power shifting from community retail investors to a few KOLs through unilateral pool mechanisms. This mechanism, characterized by low barriers to memecoin issuance and asymmetric liquidity design, allows hype capital to concentrate quickly in the hands of operators, while project parties and retail investors bear long-term risks.
ABAB News · Law of Cognition
The higher the reputation, the easier it is for airdrops to become tickets for unilateral harvesting. Some people always withdraw from the pool first before discussing long-termism. When detectives themselves engage in liquidity, their only rule becomes: strike first.