Taiwanese entrepreneur Jeffrey Huang (Machi Big Brother) has filed a libel suit against a blockchain analyst under the pseudonym ZachXBT.
1/ It’s unfortunate I have to make this thread but I am being sued by MachiBigBrother for an article I published in June 2022.
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. pic.twitter.com/anVY6zXU5a
— ZachXBT (@zachxbt) June 16, 2023
The lawsuit is related to articles 2022, in which ZachXBT accused Machi Big Brother of embezzling 22,000 ETH from crypto asset management company Formosa Financial in 2018.
“A year ago, ZachXBT published a Medium article about me that damaged my reputation. Today I filed a libel suit against him. […] I have consistently maintained that the claims in his article are false. Looking forward to proving this in a lawsuit,” Huang wrote.
I have consistently maintained that the allegations in his article are false. I look forward to proving through the lawsuit that @ZachXBT unlawfully defamed me.
— Machi Big Brother (@machibigbrother) June 16, 2023
ZachXBT said it “intends to fight back and defend freedom of speech”. He stated that Machi Big Brother is very rich and is using his money to silence the on-chain analyst.
Specialist created address for donations and asked the audience for help with legal costs that “could easily exceed $1 million”. He promised to return the remaining assets in proportion to the depositors.
The head of the Binance cryptocurrency exchange, Changpeng Zhao, supported ZachXBT and promised to transfer $50,000.
#Binance will contribute $50k. Keep up the fight. Keep the industry transparent. 💪
— CZ 🔶 Binance (@cz_binance) June 17, 2023
Jess Powell, co-founder of the Kraken trading platform, thanked the on-chain analyst for his work and transferred 10 ETH (about $17,300 at the exchange rate at the time of writing).
In for 10 ETH. Thanks for everything you do. good luck.
— Jesse Powell (@jespow) June 18, 2023
Polygon co-founder Sandeep Nailwal called ZachXBT “the reason Web3 lives and thrives.” He transferred 5 ETH (about $8650).
Bro, people like you are the reason web3 is alive and flourishing. You protect us and drive us forward.
— Sandeep Nailwal | sandeep. polygon 💜 (@sandeepnailwal) June 17, 2023
Recall that in April, ZachXBT discovered an address that within 45 days created 114 “fraudulent” mem-tokens and sent the funds received with their help to one wallet.
Previously, the specialist revealed that the rapper Soulja Boy had 73 promotions and 16 drops on Twitter, many of which were scams. According to his estimates, the artist’s earnings could be at least $730,000.
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