Crypto Investigator ZachXBT Offers Refunds to Supporters After Lawsuit Dismissal

Crypto investigator ZachXBT is refunding the unspent portion of the $1 million raised for his legal defense against Jeffrey Huang, also known as MachiBigBrother. Get the latest updates on ZachXBT's pro-rata refund for lawsuit donations and the added security measures to ensure authenticity.

Posted 8 months ago in Blockchain


Crypto sleuth ZachXBT returning unspent legal defense funds

Crypto investigator ZachXBT is refunding the unspent portion of the $1 million raised for his legal defense against Jeffrey Huang, also known as MachiBigBrother. After wrapping up the lawsuit against MachiBigBrother, crypto sleuth ZachXBT is returning the unspent portion of the $1 million in legal donations. ZachXBT stated, “The legal refund claim contract is now live for all donors who donated on Ethereum, Arbitrum , and zkSync for the next 365 days.”

ZachXBT’s Pro-Rata Refund for Lawsuit Donations

In a series of posts on X (formerly Twitter), ZachXBT has stated he has started processing refunds for individuals who supported his legal defense against Jeffrey Huang, better known as MachiBigBrother. Huang filed a lawsuit against the anonymous online investigator in June. He alleged that ZachXBT’s article “A Story Of Machi Big Brother (Jeff Huang)” – published in June 2022 – damaged his reputation.

ZachXBT stated that some supporters may not seek refunds. However, he will refrain from making assumptions until one year has elapsed: “Some people have expressed that they wish to donate their unused funds to me. After the 365 day claim period is up funds not claimed will be interpreted as a donation to fund future work.”

Amid concerns about hackers targeting notable X accounts, ZachXBT introduced extra security measures to ensure the authenticity of his refund distributions. “I have signed a message from the Zachxbt legal fund donation address to verify my identity,” he stated.

Recent cyberattacks on X accounts within the crypto community have resulted in substantial losses for victims. Notably, Ethereum co-founder Vitalik Buterin recently fell victim to a hack. Malicious actors then proceeded to share a fraudulent Consensys link with his followers. This incident led to nearly $700,000 in losses as victims connected their wallets to the link, believing they would receive a complimentary non-fungible token (NFT).

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.

Last updated 9/12/2023, 12:16:03 AM

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