{"id":7943,"date":"2023-06-17T08:40:54","date_gmt":"2023-06-17T08:40:54","guid":{"rendered":"https:\/\/www.bitrabo.com\/community\/crypto-sleuth-zachxbt-slapped-with-defamation-lawsuit-details\/"},"modified":"2023-06-17T08:42:35","modified_gmt":"2023-06-17T08:42:35","slug":"crypto-sleuth-zachxbt-slapped-with-defamation-lawsuit-details","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/crypto-sleuth-zachxbt-slapped-with-defamation-lawsuit-details\/","title":{"rendered":"Crypto Sleuth ZachXBT Faces Defamation Lawsuit: What You Need to Know"},"content":{"rendered":"\n<div>\n<p>Crypto investigator ZachXBT, widely recognized for his efforts in exposing alleged financial misconduct in the cryptocurrency industry, is now dealing with a legal dispute. Entrepreneur Jeffrey Huang, who had been the subject of ZachXBT&#8217;s investigation, has filed a defamation lawsuit against him.<\/p>\n<p>The lawsuit stems from ZachXBT&#8217;s claims made in June 2022, accusing Huang, also known as Machi Big Brother, of embezzling 22,000 ETH (equivalent to approximately $37.8 million) from a defunct crypto treasury management platform.<\/p>\n<p>What makes this case intriguing is ZachXBT&#8217;s meticulous documentation and support for his allegations with concrete on-chain data, adding credibility to his claims.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"ZachXBT_Exposes_Alleged_Crypto_Embezzlement_Scandal\"><\/span>ZachXBT Exposes Alleged Crypto Embezzlement Scandal<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The dispute revolves around allegations involving a crypto treasury management platform co-founded by Huang. In a previous article, ZachXBT implicated Huang in the embezzlement of 22,000 ETH from the platform&#8217;s treasury. The article detailed how another co-founder, George Hsieh, removed 11,000 ETH from the treasury, resulting in the platform&#8217;s downfall.<\/p>\n<p>According to ZachXBT&#8217;s analysis, the embezzled funds were dispersed across multiple wallet accounts, some of which were connected to Jeff Huang\/Mithril, suggesting his involvement in the misappropriation of funds.<\/p>\n<p><\/p>\n<pre style=\"text-align: center;\">Bitcoin retakes the $26K territory on the weekend chart: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\">TradingView.com<\/a><\/pre>\n<p>ZachXBT backed his claims with blockchain data, highlighting ETH inflows into the platform prior to the withdrawals made by Jeff and George.<\/p>\n<p>In response, Huang has filed a defamation lawsuit against ZachXBT, alleging that the investigator&#8217;s false accusations have harmed his reputation.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">A year ago, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/zachxbt?ref_src=twsrc%5Etfw\">@zachxbt<\/a> published a Medium article about me that damaged my reputation.<br \/>Today, I have filed a defamation lawsuit against him in the United States District Court for the Western District of Texas.<\/p>\n<p>\u2014 Machi Big Brother (@machibigbrother) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/machibigbrother\/status\/1669780922449956864?ref_src=twsrc%5Etfw\">June 16, 2023<\/a><\/p>\n<\/blockquote>\n<p>Huang took to Twitter to publicly announce his decision to take legal action against ZachXBT, aiming to hold him accountable for the perceived damage caused.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"ZachXBT_Stands_Firm_and_Prepares_for_Legal_Battle\"><\/span>ZachXBT Stands Firm and Prepares for Legal Battle<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">1\/ It\u2019s unfortunate I have to make this thread but I am being sued by MachiBigBrother for an article I published in June 2022.<\/p>\n<p>Today Machi filed the defamation lawsuit. The lawsuit is baseless and an attempt to chill free speech. I intend to fight back &amp; defend free speech. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/anVY6zXU5a\">pic.twitter.com\/anVY6zXU5a<\/a><\/p>\n<p>\u2014 ZachXBT (@zachxbt) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/zachxbt\/status\/1669783717236342785?ref_src=twsrc%5Etfw\">June 16, 2023<\/a><\/p>\n<\/blockquote>\n<p>ZachXBT vigorously denies the allegations, considering the lawsuit to be &#8220;baseless&#8221; and an attempt to restrict freedom of speech. He remains determined to fight back against the legal action, refusing to be silenced.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Along with Jess Meyers and the team at Brown Rudnick, I\u2019m honored to represent <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/zachxbt?ref_src=twsrc%5Etfw\">@zachxbt<\/a> in his ongoing mission to speak truth to power. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"\"><\/a><\/p>\n<p>\u2014 Palley (@stephendpalley) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/stephendpalley\/status\/1669796600456028167?ref_src=twsrc%5Etfw\">June 16, 2023<\/a><\/p>\n<\/blockquote>\n<p>ZachXBT has enlisted the services of Brown Rudnick, a reputable Boston-based law firm, to handle his case. The firm has previous experience in high-profile defamation cases, further solidifying ZachXBT&#8217;s commitment to fighting the lawsuit.<\/p>\n<p><em>Featured image (Jeffrey Huang) from <\/em>Business News \u2013 Crast.net<\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto investigator ZachXBT, widely recognized for his efforts in exposing alleged financial misconduct in the cryptocurrency industry, is now dealing with a legal dispute. Entrepreneur Jeffrey Huang, who had been the subject of ZachXBT&#8217;s investigation, has filed a defamation lawsuit against him. The lawsuit stems from ZachXBT&#8217;s claims made in June 2022, accusing Huang, also [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7945,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Crypto Sleuth ZachXBT Faces Defamation Lawsuit: What You Need to Know - Bitrabo","description":"Crypto investigator ZachXBT, widely recognized for his efforts in exposing alleged financial misconduct in the cryptocurrency industry, is now dealing with a le"},"footnotes":""},"categories":[316],"tags":[504,1994,1995,747,1993,1991,1992],"class_list":["post-7943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-crypto","tag-defamation","tag-details","tag-lawsuit","tag-slapped","tag-sleuth","tag-zachxbt"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/7943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=7943"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/7943\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/7945"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=7943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=7943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=7943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}