Skip to main content
Sign in

WXETA

avoid.net/wxeta→22/100·62% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:defillama]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·3viBqD…gE1m

Summary

WXETA (Wrapped Xeta) is an ERC-20 token deployed on Ethereum using a Diamond (EIP-2535) upgradeable proxy architecture, associated with XETA Capital / XETA Genesis — a DeFi yield platform incorporated in Belize that claimed up to 20% monthly returns via high-frequency trading algorithms. The underlying XETA ecosystem is named as a co-defendant in a federal civil RICO lawsuit filed in January 2025 alleging tens of millions of dollars in investor fraud, and ZachXBT has flagged the entity. The platform ceased onboarding new members at end of 2023 and converted member positions into non-liquid NFTs, leaving the withdrawal status of the bulk of investor funds disputed.

Connected Entities

1 entities
Organizations
□WXETA
Relationships
    Have evidence about WXETA?

    Timeline(8 events)

    May 2022

    XETA Capital LLC allegedly formed shortly after funds were misappropriated from Phoenix Community Capital, per the civil lawsuit complaint.

    July 2022

    XETA Capital / XETA Genesis officially launched under Gavin Minty and Matthew Sgherzi (@Shotime2kX), offering up to 20% monthly returns on USDC deposits.

    26 October 2023

    XETA Genesis published promotional press releases claiming $62M in assets under management and $44M returned to investors, covered as paid content by CoinJournal, Invezz, Cryptopolitan, and other crypto media outlets.

    31 December 2023

    XETA ceased onboarding new members and stopped accepting new capital contributions, transitioning to a 'private fund' model. Member positions converted to NFTs.

    8 January 2024

    XETA announced 'The XETA Fund Goes Private,' consolidating all member Genesis Accounts and Pools into unified NFT positions on Ethereum, with quarterly stablecoin payouts beginning April 2024.

    April 2024

    First quarterly airdrop payout scheduled per XETA's public announcement. No independent confirmation of payment found in publicly indexed sources.

    8 January 2025

    Federal civil lawsuit filed in the U.S. District Court for the Middle District of Tennessee (Riley et al. v. Phoenix Community Capital et al., Case 3:2025-cv-00036). XETA Capital LLC named as a co-defendant alongside Phoenix Community Capital, Gavin Minty, Matthew Sgherzi, Eric Marshall, and Daniel Ianello. Plaintiffs allege RICO violations, securities fraud, and common law fraud.

    10 January 2025

    Bloomberg Law and Law360 report on the federal lawsuit, describing the alleged scheme as 'tens of millions of dollars' in investor fraud involving fabricated partnerships with Netflix and the Thai government.

    Provenance & Audit Trail
    Anchored on SolanaVerify on-chain10 Wayback Archivessrc:defillama

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain (1 event). 10 of 19 cited source URLs have an Internet Archive snapshot.

    full audit log →version history →

    model: claude-sonnet-4-6

    generated: 5/4/2026, 2:54:29 AM

    last updated: 8/30/2026, 5:14:06 AM

    avoid.net — verified advice for a post-truth world