{"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\u2019s investigation, has filed a defamation lawsuit against him.<\/p>\n<p>The lawsuit stems from ZachXBT\u2019s 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\u2019s 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\u2019s treasury. The article detailed how another co-founder, George Hsieh, removed 11,000 ETH from the treasury, resulting in the platform\u2019s downfall.<\/p>\n<p>According to ZachXBT\u2019s 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\u2019s 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 & 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 \u201cbaseless\u201d 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\u2019s 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\u2019s investigation, has filed a defamation lawsuit against him. The lawsuit stems from ZachXBT\u2019s 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}]}}