Blockchain investigator ZachXBT has been sued for libel by Jeffrey Huang, who claims his reputation was damaged when ZachXBT allegedly falsely accused him of embezzlement. Huang, known as “MachiBigBrother” on Twitter, has accused ZachXBT of damaging his reputation through false allegations. ZachXBT responded to the lawsuit by calling it “baseless” and “an attempt to chill free speech.”
Key points:
– Huang’s attorney claims that his client did not drain funds from the Formosa Financial Project.
– Furthermore, Huang’s legal team claimed that the founders of the project were most likely the ones who stole the ETH from the treasury.
– The lawsuit also claims that ZachXBT earns money from donations as a result of his work as an on-chain sleuth, which it alleges is the real reason that he published the article.
