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Lawsuit filed against ZachXBT, an on-chain investigator, for defamation over allegations of plaintiff's misappropriation of project funds.

Lawsuit filed against ZachXBT, an on-chain investigator, for defamation over allegations of plaintiff’s misappropriation of project funds.

Jeffrey Huang, also known as “MachiBigBrother” on Twitter, has sued blockchain investigator ZachXBT for libel, claiming that his reputation was damaged by false allegations of embezzlement. ZachXBT had published a Medium article accusing Huang of launching over 10 failed pump and dump tokens and NFT projects, including Formosa Financial, and draining funds from the project’s treasury. Huang’s legal team denies the allegations and claims that ZachXBT’s arguments “fail to account for the much more likely and obvious explanation that company insiders, rather than an outside advisor like Plaintiff, coordinated to orchestrate the transfers.”

– Jeffrey Huang has sued blockchain investigator ZachXBT for libel, claiming that his reputation was damaged by false allegations of embezzlement.

– ZachXBT had published a Medium article accusing Huang of launching over 10 failed pump and dump tokens and NFT projects, including Formosa Financial, and draining funds from the project’s treasury.

– Huang’s legal team denies the allegations and claims that ZachXBT’s arguments “fail to account for the much more likely and obvious explanation that company insiders, rather than an outside advisor like Plaintiff, coordinated to orchestrate the transfers.”

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