XCAD founder defends YouTuber KSI against pump and dump allegations

Crypto investigator Coffeezilla argued that saying one thing and trading against it is still a pump-and-dump and is not ethical to do.

Oliver Bell, the founder of Xcad Network (XCAD), came to the defense of YouTuber KSI after crypto investigator ZachXBT accused the internet celebrity of performing a pump and dump with his digital asset tokens, including XCAD. 

On Feb. 14, ZachXBT shared screenshots of KSI’s X account posting about XCAD and then dumping $850,000 in tokens in the following days. The crypto detective posted several more examples of KSI mentioning other tokens and then selling the assets afterward, which another crypto sleuth, Coffeezilla, described as the “definition of a pump and dump.”

Meanwhile, one community member believes that KSI — real name Olajide Olayinka Williams Olatunji — acted maliciously, while another thinks that it’s an effect of being friends with Logan Paul, who is embroiled in a class-action lawsuit over a nonfungible token (NFT) collection. 

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