Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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ZachXBT: I didn’t call Vultisig a “scam,” but I still think people should be wary of project risks.
2025-10-26 01:32

According to Odaily Planet Daily, "Chain Detective" ZachXBT stated in a post on the X platform that he did not call the cryptocurrency wallet project Vultisig a "scam," but rather criticized the founder for negligence and lack of ethics, such as refusing to refund any fees incurred due to illegal activity and for hiring North Korean IT personnel to conduct conference calls via Telegram, which led to malware attacks on his personal wallet. He stated that he may avoid full responsibility if a serious incident occurs in the future. Vultisig is reportedly a wallet project based on MPC technology and backed by institutions such as Arca, Delphi, and Wintermute.