ZachxBt is being sued, Community donates over $ 600,000 within a few hours

ZachxBt is being sued, Community donates over $ 600,000 within a few hours

one of the most popular on-chain crypto detectives, known as ZachxBT on Twitter, said he was sued for an article he posted last year.

The researcher said that in contrast to the person who sued him, he was not wealthy and needed the support of the community for his defense. This support has been quite impressive so far.

• ZachxBT announced on Twitter last night that "MachiBigbrother" had sued him for an article published a year ago. The story itself calls Jeff Huang (Machi), which ZachxBt as "former Taiwanese-American musician and technology entrepreneur, who undercut 22,000 ETH from Formosa Financial in 2018.
• In it it is explained in detail how Huang managed to cheat investors by starting "over ten failed pump-and-dump tokens and NFT projects".
• Huang has now submitted a defamation against ZachxBT, which he described as "baseless and an attempt to restrict free expression".
• The researcher defined the lawsuit as "Classic David & Goliath history" due to the alleged property difference between the two parties.
• He assumes that his defense could be more than a million US dollars, which is why he created a crypto donation address to "help with legal costs".

3/ I create a donation address to cover the legal costs associated with the defense in this matter, which can easily exceed 1 million.

All remaining funds are reimbursed for the donors.

-zachxBT (@zachxbt) 16. June 2023

• on-chain data indicate that the wallet received cryptocurrencies worth almost $ 600,000 within 14 hours after the publication of the tweet (at the time of writing these lines). It has $ 300,000 in ETH, $ 180,000 in USDC, $ 67,000 in USDT and more.
• In addition, other members of the crypto community ZachxBT asked to create BTC wallets for those who do not use EVM chains.