OpSec chief exec Chris Williams has resigned “effective immediately,” just two weeks after crypto sleuth ZachXBT exposed the project as a scam.
Williams announced his resignation via X on Thursday, and claims that the entire core team has followed him out the door. The former CEO confirmed ZachXBT’s allegations, citing them as the reason for his resignation.
“The decision follows recent findings, highlighted by @zachxbt, along with our own assessment of OpSec’s operations.
“These revelations, coupled with the un-doxxed founder’s prolonged absence and sole control over the company’s finances, have several limited our ability to lead and execute our vision effectively.”
Read more: Polymarket faces US probe as Kalshi exec allegedly fuels wash-trading concerns
Williams continued to say that the team had experienced severe stress in the form of “payment delays, layoffs and [a] lack of clarity regarding OpSec’s direction.”
According to OpSec’s bio, it’s an AI-powered decentralized cloud security provider. In November, ZachXBT posted a thread showing anonymous X user @TheZopp0 discussing OpSec’s lack of “technical research.” Zopp was reportedly tied to SCALE, NTD, TPU, and OPSEC and farmed “naive traders using numerous influencers.”
ZachXBT also reported that OpSec used two-year-old footage of a data center and claimed it as its own infrastructure.
CEO resignation seemingly surprised remaining OpSec team
Since William’s resignation, the OpSec X account has claimed that the project has not been abandoned and that the core developer team remains on board.
It said, “We had hoped something like this would have been talked through internally first as a team to come to an agreement or resolution on the matter.”
Read more: Alleged crypto scammer gets a face reveal courtesy of ZachXBT
The company’s OPSEC token plummeted over 88% last July after the OpSec team claimed a security breach resulted in the theft of funds from its staking contact. Multiple users reportedly questioned this narrative, raising the idea of a potential pump-and-dump scheme. OPSEC’s price never recovered.
Some users are questioning Williams’ resignation, calling it a “planned exit,” and are demanding accountability.
An “ask me anything” X space will be hosted by Williams soon, but he has yet to decide on a date.
Read the full article here
