📰 Table Of Contents
XCAD Network Founder Defends KSI
On February 15, XCAD Network founder Oliver Bell spoke out in defense of popular YouTuber KSI, who had been accused of involvement in a pump-and-dump scam related to XCAD tokens. Bell emphasized KSI’s significant contributions to the XCAD project and clarified his investment activities.
KSI’s Contribution to XCAD
Bell highlighted that KSI, also known as Olajide Olayinka Williams Olatunji, had been instrumental in adding value to XCAD from the early stages. He mentioned KSI’s involvement in making introductions and providing valuable suggestions for the product. Additionally, Bell pointed out that KSI had purchased more XCAD tokens than he had sold, dispelling the allegations of a “Pump & Dump” scheme.
Clarification of KSI’s Investment Status
Bell asserted that KSI remains an active investor in XCAD and continues to support the token through multiple wallets, reinforcing his commitment to the project.
KSI’s Pump and Dump Allegations
On February 14, blockchain analyst ZachXBT shared evidence of KSI’s investment activities, alleging that the YouTuber had sold a significant amount of XCAD tokens shortly after making investments. This led to widespread speculation about KSI’s involvement in a pump-and-dump scheme.
Analysis by Crypto Experts
Other crypto experts, including analyst Coffeezilla, expressed concerns about KSI’s actions, likening them to a “classic pump and dump.” Coffeezilla emphasized the ethical implications of KSI’s behavior and drew parallels to similar actions in traditional financial markets.
Defense by a Dedicated Supporter
In a notable show of support, a dedicated fan named Vibhor released a comprehensive document defending KSI’s actions. Vibhor highlighted KSI’s transparency regarding his crypto activities and compared his impact on assets to that of well-known financial figure Jim Cramer. The fan also referenced a meme based on KSI’s influence in the crypto space.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
