XCAD Founder Defends KSI Over Pump and Dump Accusations

Xcad founder defends YouTuber KSI against accusations of engaging in a pump-and-dump scheme with XCAD tokens.

The creator of the Xcad Network Oliver Bell, defended YouTuber KSI after the online personality was accused by crypto investigator ZachXBT of using his digital asset tokens including XCAD in a pump-and-dump scheme.

On February 14, ZachXBT published screenshots of KSI’s X account posting about XCAD and then dumping $850,000 of the tokens in the days that followed were published by ZachXBT on February 14.

Another crypto investigator, Coffeezilla, referred to the multiple instances of KSI citing other tokens and then selling the assets that the crypto detective had uploaded as the “definition of a pump and dump.”The following day, Bell responded on social media claiming that the YouTuber was fully entitled to sell his tokens.

Bell stated in a post dated February 15 that one of their “biggest value adders” was KSI, which introduced and offered recommendations for the product. Although KSI did sell some tokens the executive contended that the YouTuber “bought a lot more” than he did.

Bell explicitly refuted the claims explicitly as well, asserting that KSI did not pump and dump XCAD. Bell stated that KSI has been one of their “solid” supporters and is still an active investor and believer with “other wallets.” Aside from Bell, a dedicated follower known as Vibhor wrote a 36-page defense of the YouTuber.

Vibhor, who acknowledged that he might have a prejudice in favor of KSI, said that the YouTuber only posts about his cryptocurrency activities on X and is well-known for “flipping his mind instantly.” The fan likened KSI to CNBC anchor Jim Cramer, whose calls have the potential to have the opposite effect on assets. Vibhor wrote:

“Whenever he says he is gonna HOLD a crypto, that crypto will go down and whenever he says it is time to sell a crypto, that crypto will go up. There is a meme based on this to do the opposite of whatever KSI is doing. And KSI himself has acknowledged that many times.”

Coffeezilla, a crypto investigator, is still unconvinced by the reasoning nevertheless. Coffeezilla stated in a reaction video that it doesn’t matter if a caller is good or evil. This according to the crypto investigator, does not explain why KSI trades contrary to what he claims. He went on to say that it is “not ethical to do” and that it is “a pump and dump” if Cramer says one thing and trades against it.

Although Logan Paul, the subject of a class-action lawsuit regarding a nonfungible token collection is friends with KSI another community member believes that KSI, whose true name is Olajide Olayinka Williams Olatunji, acted maliciously.