**Crypto Influencer Irene Zhao Under Fire for Failed Projects**

On-chain investigator ZachXBT has raised questions about Irene Zhao's accountability regarding her involvement in various cryptocurrency projects. Zhao, a prominent crypto influencer and the mind behind the SO-COL platform, recently addressed multiple allegations in a detailed statement.

- **IreneDAO**: Zhao described this project as a fun experiment that unexpectedly gained millions in trading volume. She emphasized transparency, noting the treasury was managed by a multi-signature wallet.

- **SO-COL**: Aiming to rival TikTok and OnlyFans, this Web3 platform initially attracted 30,000 users and significant VC backing. However, the crypto winter and NFT transaction declines led to waning interest. Zhao secured a $1.5 million investment to boost liquidity but admitted to not being transparent about financial struggles.

- **New Memecoin**: Zhao also introduced a new project, @iloveasianmom, with strict lock-up periods to ensure accountability. She invited those disillusioned by SO-COL's failure to join or abstain based on their experiences.

Despite Zhao's explanations, ZachXBT remains skeptical, questioning her commitment to rectifying losses incurred by participants in her previous projects. Meanwhile, new investors on Solana have faced significant losses, with celebrity-endorsed tokens plummeting in value.