On-chain investigator ZachXBT has once again sent shockwaves through the market. On February 23, he posted on X (formerly Twitter) announcing that he would release a major investigative report on February 26, accusing multiple employees of "one of the most profitable companies in the crypto industry" of long-term misuse of internal information for insider trading. The news quickly sparked heated discussions in the community.
ZachXBT announces major investigation, drawing significant market attention.
ZachXBT posted on February 23rd:
"Breaking news: A major investigation will be released on February 26, revealing that multiple employees of one of the most profitable companies in the cryptocurrency industry have been abusing internal information for insider trading for an extended period of time."
The post quickly garnered thousands of likes, shares, and comments, and included a teaser image, but did not reveal the name of the company involved. ZachXBT only emphasized two key points: first, the company is one of the most profitable in the crypto industry; second, the insider trading activities were not isolated incidents, but rather "long-term."
Given ZachXBT's past successes in exposing scams, hacking operations, and platform misconduct, and the fact that its reports typically include complete on-chain evidence, wallet address tracking, and transaction timelines, this announcement is seen by the market as a highly significant revelation.
Insider Trading Shadow: An Old Problem in the Crypto Industry
Insider trading refers to the act of individuals within a company using undisclosed information to trade and profit in the market. In traditional financial markets, this behavior constitutes a serious violation or even a criminal offense; while in the crypto industry, although blockchain transactions are open and transparent, internal company information can still be used as a tool for profit.
Centralized institutions, in particular—such as large exchanges or stablecoin issuers—often possess sensitive information such as listing plans, partnership announcements, fund flows, and risk control adjustments. If employees use this information to manipulate the market in advance, it not only infringes on user rights but also directly undermines market fairness.
In recent years, while the crypto industry has continuously promoted compliance and transparency, its internal control mechanisms and conflicts of interest have repeatedly been questioned. If this investigation is confirmed, it will inevitably amplify external scrutiny of the industry's governance structure.
Social media is abuzz with speculation about who is involved, with the "most profitable company" emerging as a key clue.
Since ZachXBT did not disclose its specific name, the community quickly began speculating. The discussion focused on top-ranking crypto companies in terms of revenue and profit in recent years, especially large centralized exchanges and stablecoin issuers.
Some netizens even jokingly asked, "Since the exposé is scheduled to be made public on February 26, is there one last chance for insider trading?" Such half-joking comments reflect the market's sensitivity and anxiety about potential scandals.
It's worth noting that ZachXBT did not respond to specific speculations in subsequent comments, only denying any connection to certain rumors and reiterating that a full report would be released on the scheduled date. His consistent style is to let the evidence speak for itself, rather than releasing vague information prematurely.
With past performance as a plus, the market awaits the results on February 26th.
ZachXBT is known for its precise on-chain analysis. Its past reports are mostly based on publicly verifiable blockchain data, combined with address annotations, fund flow charts, and timeline reconstructions to gradually piece together the whole picture of events. This data-driven investigative approach has earned it a high level of credibility in the crypto community.
If this revelation involves multiple employees abusing internal data over a long period, the consequences may extend beyond individual misconduct and could involve internal control failures or even management responsibility. For a company described as "one of the most profitable in the industry," the reputational damage will be difficult to underestimate.
More importantly, such incidents often become an opportunity for regulatory agencies to strengthen their oversight. As compliance requirements for the crypto market gradually increase globally, once the evidence is conclusive, it could lead to legal liabilities, fines, and even changes in senior management.
Trust Test in the Crypto Industry: Is Transparency Sufficient?
While blockchain technology inherently emphasizes transparency and trustlessness, its actual operation still relies heavily on people and organizations. When information asymmetry and profit-driven motives coexist, even with fully public transaction records, the moral hazard of insiders cannot be completely eliminated.
Therefore, the market is not only focusing on "which company ran into trouble," but also on whether the entire industry can establish stricter internal supervision and information segregation systems. These include pre-trade cooling-off periods, employee transaction reporting systems, and independent compliance review mechanisms, all of which are likely to become standard features in the future.
The report released on February 26th may well become one of the most watched events in the crypto market in 2026. Regardless of the outcome, this storm will once again remind the market that in an industry where high profits and high volatility coexist, trust is the truly scarce asset.
All details remain confidential. As the disclosure date approaches, the community and potentially involved companies are undoubtedly holding their breath.
This article , ZachXBT's preview of a major revelation on February 26th, directly targets a long-term insider trading scandal involving "the most profitable company in the crypto world," first appeared on ABMedia ABMedia .
