ZachXBT accuses Tokenlon and imToken of involvement in scams and illegal fund flows

Odaily Odaily reported that on-chain detective ZachXBT posted on platform X, publicly criticizing Tokenlon and imToken, claiming they have become high-risk channels for illegal fund flows and stating that further action will be taken against the relevant platforms. According to ZachXBT, the majority of Tokenlon's trading volume originates from "pig butchering" scams, investment fraud, and various illegal market activities. He directly stated that its co-founder, Ben He, should "bear legal responsibility for the related actions." He indicated that he will continue to investigate and crack down on the Tokenlon and imToken ecosystem in the future. Tokenlon has almost no real trading demand outside of Southeast Asia, and a significant proportion of its on-chain activity is related to illegal fund flows. He noted that this issue has become markedly worse since 2022.

Furthermore, ZachXBT also named several so-called "offshore large trading and aggregation platforms," including Butter Network, HiFiSwap, Bridgers / SWFT, and Tokenlon, stating that they should face stricter regulation and crackdowns due to potential criminal activities.