Over in the World of Web3 and Crypto at large, there has always been a beacon of light to champion the victims of unscrupulous behavior. Now however, that has been put in jeopardy as tech entrepreneur, Jeffery – Machi Big Brother – Huang, has launched a defamation lawsuit against everyone’s Knight in shining armor, ZachXBT.
Over the years, ZachXBT has led a one -man crusade to rid Web3 of its undesirables, effectively using his sleuthing talents to unmask the industries scammers. One of these instances, involved allegations that Machi Big Brother had embezzled millions of dollars from his now defunct, Formosa Financial, crypto treasury. An eye-opening revelation that ZachXBT backed up with on-chain data.
Taking umbrage to these accusations, Machi Big Brother has launched a defamation case against the crypto sleuth. Effectively, pitting his massive wealth against ZachXBT’s rather limited funds. However, realizing that his defense case would likely cost up to a million dollars, ZachXBT reached out to the community, who responded admirably.
1/ It’s unfortunate I have to make this thread but I am being sued by MachiBigBrother for an article I published in June 2022.
Today Machi filed the defamation lawsuit. The lawsuit is baseless and an attempt to chill free speech. I intend to fight back & defend free speech. pic.twitter.com/anVY6zXU5a
— ZachXBT (@zachxbt) June 16, 2023
Crypto Twitter Rallies Behind a Well-Respected Crypto Sleuth
As is ZachXBT’s reputation within the industry, news of his plight travelled like wildfire, with some of the biggest names in crypto coming to his aid. So, within 24 hours of his Tweet, ZachXBT’s wallet had receive in excess of $1 million, with notable donations coming from Binance Chief, Chanpeng Zhao, and Tron creator, Justin Sun.
In addition to unearthing general crypto crimes, ZachXBT has also become a notable member within the NFT space. Throughout his glittering career, he has revealed rug pulls, doxed shady projects, and tracked art thieves across the blockchain. Despite this, the talented online detective has until now asked for very little in return, however, in his time of need, the Web3 world has rallied to his cause.
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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.
Decentralised human, Explorer, Adventurer.