ZachXBT Backtracks on Ripple RLUSD Call-Out—But Trust Issues Linger

Crypto investigator ZachXBT just walked back his critique of Ripple’s RLUSD adoption—but the damage to trust might already be done.

Trust Falls & Stablecoin Fumbles

The abrupt deletion raises eyebrows in a market where ‘stable’ coins have a history of anything but. Ripple’s latest move joins a parade of projects promising dollar-pegged salvation—until the next depeg crisis hits.

Another day, another crypto credibility gap. Will RLUSD buck the trend or become another line item in ZachXBT’s future exposé? Only your portfolio’s bleeding can answer that.

Slams Circle’s USDC

Meanwhile, ZachXBT’s criticism extended to Circle’s USDC, the second-largest stablecoin by market capitalization.

The on-chain investigator alleged that North Korean IT operatives use the token to MOVE illicit funds. He criticized Circle for failing to detect and freeze suspicious activity, despite its claims of having strict compliance protocols.

He also pointed out that his investigations resulted in $3.6 million, or 27% of Circle’s total amount frozen in 2024.

Meanwhile, this is not the first time ZachXBT has criticized the USDC stablecoin issuer.

Last year, he claimed Circle delayed blacklisting addresses tied to the Lazarus Group, a North Korea-linked hacking organization involved in several high-profile crypto heists. ZachXBT alleged that this delay allowed Circle to profit from transactions linked to the group.