Blockchain investigator ZachXBT has identified a member of the Web3 project as being connected to the Squiggles NFT exit scam and the Raichu project. Announced on August 28, ZachXBT's findings suggest that the individual involved in these scams is currently associated with Web3, raising concerns within the crypto community. ZachXBT has called for increased vigilance among community members to prevent further fraudulent activities.