ZachXBT reveals Martin Shkreli as the creator of Trump Meme Coin DJT! Win $150,000 from Arkham

Blockchain detective ZachXBT has been awarded a $150,000 reward by the Arkham blockchain analysis platform for exposing controversial entrepreneur Martin Shkreli as the creator of the Donald Trump-themed DJT token.

Arkham Bounty Announcement and Reveal

Arkham released news on Wednesday, announcing that ZachXBT successfully solved the mystery of the DJT token creator. Arkham said: "This bounty has been resolved by ZachXBT. Zach submitted conclusive evidence at 11:49pm UTC that Martin Shkreli is the creator of the $DJT token." ZachXBT expressed his gratitude in the reply, saying: "Thank you for fulfilling Bounty."

DJT Token Craze

Earlier this week, the DJT token attracted a lot of attention due to a rumor directly related to former US President Trump. The rumor, spread by Pirate Wires, caused the token’s value to surge more than 300% on Tuesday. Unconfirmed sources indicate that Shkreli, who has been notorious for securities fraud, has publicly supported the coin, claiming that DJT is the official token of the Trump campaign. He even bet $100 million with crypto trader GCR, challenging the token’s legitimacy, though he later claimed GCR withdrew the bet.

ZachXBT Investigation and Evidence

On Tuesday night, Arkham announced a $150,000 reward to find the creator of the DJT token. Well-known blockchain investigator ZachXBT quickly accepted the challenge. Soon after, ZachXBT revealed that Shkreli sent him a direct message admitting that he created the token together with "Barron." The name appears to be a reference to Trump's son, Barron Trump, although there is no evidence that Barron Trump was involved. Shkreli later confirmed his role in creating DJT during one of the XSpaces he hosted that night.

Martin Shkreli’s controversial background

Martin Shkreli, often referred to as the “pharmabro,” became the CEO of Turing Pharmaceuticals in 2015 when he raised the price of a life-saving drug by more than 5,000%. became notoriously unaffordable. This price manipulation earned him public condemnation. In 2017, Shkreli was sentenced to seven years in prison for an unrelated securities fraud case and was released early in 2022.

DJT rose after the revelation

DJT rose by more than 30% after the news was revealed.

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