Crypto sleuth ZachXBT raises $1.1 million and counting for legal defense
Pseudonymous crypto sleuth extraordinaire, ZachXBT, recently became the target of a defamation lawsuit in US District Court in Texas. To mount a defense , he appealed to crypto Twitter for help raising the necessary funds for attorneys, which he estimated to exceed $1 million . Less than three days and over 18,000 Ethereum transactions later, ZachXBT has raised $1.1 million , with more coming in all the time. Loading Tweet.. Just over a year ago, ZachXBT published an account of his detailed on-chain forensic investigation into Jeffrey Huang, also known as Machi Big Brother, a Taiwanese-American former musician and tech entrepreneur who was involved in various controversial crypto projects. Among the allegations was that Huang embezzled 22,000 ether (about $10 million at the time) from Formosa Financial, a startup he co-founded which conducted a private token sale in 2018. ZachXBT tracked transfers of ether (ETH) from the Formosa treasury to various Binance accounts and wallets...