<span style="font-weight: 400;">ZachXBT, a well-known crypto sleuth who works tirelessly to uncover alleged financial misconduct in the cryptocurrency industry, is caught up in a legal storm. In an astonishing development, a business visionary he had recently researched, Jeffrey Huang, has documented a criticism claim against him. ZachXBT made allegations that Huang, a Taiwanese-American musician and tech executive who went by the name Machi Big Brother, had stolen 22,000 <a href="https://www.cryptoknowmics.com/news/ethereum-explores-new-frontiers-in-comeback-endeavor/">ETH</a>, or approximately $37.8 million, from a now-defunct crypto treasury management platform. This led to the accusation. The fact that ZachXBT meticulously supported his claims with mountains of concrete on-chain data lends weight to his claims, which makes this case particularly intriguing.</span>
<h2><span style="font-weight: 400;">Huang in the midst of 'blood feud' with ZachXBT</span></h2>
[embed]https://twitter.com/machibigbrother/status/1669780922449956864[/embed]

<span style="font-weight: 400;">An intricate web of allegations regarding Huang's co-founded crypto treasury management platform lies at the heart of this dispute. ZachXBT alleged Huang's involvement in the theft of 22,000 ETH, or approximately $37.8 million at the time, from the platform's treasury in an article published last year. The article went into detail about how George Hsieh, a co-founder of Formosa Financial, allegedly took 11,000 ETH out of the project's treasury, which led to its turbulent demise. The funds that were taken from the treasury were quickly distributed to a number of wallet accounts, one of which also received funds from a Harrison Huang-associated ENS domain.</span>
<h2><span style="font-weight: 400;">In retaliation against crypto sleuth, Huang sues ZachXBT for defamation</span></h2>
<span style="font-weight: 400;">The crypto investigator connected the dots and came to the conclusion that these addresses were connected to Jeff Huang/Mithril, which ultimately led to his involvement in the money theft. The on-chain investigator provided solid blockchain evidence to back up his claims, highlighting the ETH inflows of angel/private round funds into the multisig prior to Jeff and George's two 11,000 ETH withdrawals. In an act of retaliation, Huang has filed a defamation lawsuit against the crypto sleuth ZachXBT. Huang asserts that the sleuth's false claims have damaged his reputation irreparably.</span>
<h2><span style="font-weight: 400;">ZachXBT to fight on after defamation allegations in U.S. lawsuit</span></h2>
<span style="font-weight: 400;">ZachXBT vehemently denied the allegations in the lawsuit, calling it "baseless" and an attempt to restrict free speech. ZachXBT declared that he would not be silenced and expressed his determination to respond to the legal action. ZachXBT has enlisted the services of a reputable Boston law firm, Brown Rudnick, to represent him in his legal defense.Notably, the Bahamian government previously hired the company to provide legal counsel regarding FTX's demise. In addition, they were successful in Johnny Depp's lawsuit against Amber Heard for defamation, demonstrating their proficiency in high-profile defamation cases.</span>

Defamation Lawsuit Filed Against Crypto Sleuth ZachXBT

ZachXBT vehemently denied the allegations in the lawsuit, calling it "baseless" and an attempt to restrict free speech.

Sonakshi is into the crypto world ever since she heard about it and is pursuing her interest through Cryptoknowmics. She is a sensational poet, technical writer and content strategist.

Defamation Lawsuit Filed Against Crypto Sleuth ZachXBT

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