Crypto enthusiasts are holding their breath. Quiet discussions are already beginning to take place in compliance departments and trading circles about an impending probe that is set for February 26. Concerns about trust, accountability, and transparency are once again front and centre as early indications point to internal wrongdoing at a lucrative cryptocurrency company.

Many people are unsure if this disclosure would only lead to discussion or if it will make the industry face yet another unsettling reality as the suspense grows.

• A Cryptic Teaser That Sent Ripples Across Crypto
• Insider Trading in Crypto Already Has Legal Consequences
• From On-Chain Clues to Real Cases
• What Could Happen Once the Report Goes Public?

A Cryptic Teaser That Sent Ripples Across Crypto

ZachXBT, a leading on-chain investigator, is scheduled to publish a significant investigation on February 26 that claims staff members at one of the most lucrative cryptocurrency companies misused internal data to trade for their own benefit.

As soon as he made his announcement, investors began speculating on trading desks and prediction markets about which corporation would be involved.

ZachXBT usually discloses wallet timelines, transaction trails, and tangible blockchain evidence, which is what makes this occasion noteworthy. Parts of the market have been tense as the countdown to February 26 begins because of that reputation alone.

NEW: Major investigation dropping February 26 on one of crypto’s most profitable businesses where multiple employees abused internal data to insider trade over a prolonged period of time. pic.twitter.com/Losou2CZ2N

— ZachXBT (@zachxbt) February 23, 2026

Insider Trading in Crypto Already Has Legal Consequences

Crypto insiders have previously experienced severe consequences. The former Coinbase product manager and two associates were formally charged by the U.S. Securities and Exchange Commission in July 2022 for trading on sensitive token-listing information, detailing the process by which internal knowledge was transferred and turned into cash.

The matter went beyond a civil lawsuit. Subsequently, the U.S. Department of Justice confirmed that misuse of private bitcoin data can result in criminal penalties by announcing sentencing in what it described as the first-ever cryptocurrency insider trading trial.

These proceedings set a clear precedent that standard insider-trading regulation does not exclude crypto companies.

From On-Chain Clues to Real Cases

ZachXBT's reputation wasn't created overnight. Over the years, he has continuously monitored unusual token transfers, coordinated fund flows, and wallet movements that were later shown to be connected to broader exploit schemes or wrongdoing.

His work is notable for its clarity of proof; he usually presents timestamps, wallet connections, and transaction hashes in a manner that allows for immediate on-chain verification by anybody.

His discoveries have been widely publicised by the crypto media. For example, our post Hundreds of Wallets Drained Across EVM Chains, ZachXBT Warns discussed his alert regarding hundreds of wallets being depleted over several EVM chains, where he used blockchain tracking to detect coordinated activity.

He also highlighted a $243 million Genesis creditor heist in 2024, which mapped intricate wallet transactions and became one of the year's most talked-about theft investigations.

He identified what he claimed to be a $40 million theft from cryptocurrency wallets confiscated by the US government at the beginning of 2026, connecting the action to wallets connected to the family of a federal contractor and raising concerns about custody security.

In light of his track record of identifying anomalous trends early on and supporting them with open blockchain data, his February 26 study is receiving substantial attention in the trading and regulatory communities.

What Could Happen Once the Report Goes Public?

When the complete report is released, focus will be on the quality of the evidence, including wallet trails connected to internal timelines, locations associated with specific employees, and any recorded abuse of privileged information.

People or businesses whose name come may experience instant harm to their reputation, and a defensive or sluggish corporate reaction may increase market apprehension.

Regulators will be attentively observing as well. Any solid evidence of ongoing internal misuse could lead to new enforcement agency scrutiny, given the established precedent for insider trading.

This could serve as yet another reminder to crypto companies about the importance of openness and internal controls. Since ZachXBT's disclosures have historically had practical repercussions, markets are still in wait mode till then.

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