On-chain sleuth, ZachXBT is being sued by Jeffrey Huang, also known as Machi Big Brother. Machi claims that ZachXBT publicly defamed him. Whereas, ZachXBT sees this as an attack on free speech. So, let’s take a look at what’s actually happening.
- ZachXBT published an article detailing Machi Big Brother’s alleged embezzlement of 22,000 ETH from Formosa Financial and subsequent failed crypto projects.
- Machi filed a defamation lawsuit, claiming false allegations and damage to his reputation, while ZachXBT sees it as an attempt to silence him and vows to defend free speech.
- The lawsuit has garnered attention in the crypto community, with notable figures showing support for ZachXBT. The outcome may impact crypto reporting and online content creation, emphasizing transparency and freedom of expression.
Legal Showdown and Fight for the Truth
Back in June 2022, ZachXBT published a medium article titled “22,000 ETH Embezzled and Over Ten Projects Failed: The Story of Machi Big Brother (Jeff Huang).” Essentially, the article gives a detailed look at Machi’s history in the crypto world. It claims that he embezzled 22,000 ETH from Formosa Financial in 2018 and has launched multiple unsuccessful pump-and-dump tokens and NFT projects. Significantly, it also provides evidence to support these claims.
Now, Machi has filed a defamation lawsuit in the United States District Court for the Western District of Texas. He claims that the allegations are false and they have ‘damaged his reputation.’ Whereas, ZachXBT sees the lawsuit as an attempt to silence him. Furthermore, he claims he has stayed neutral and relied on facts and evidence throughout his research. Seeking public support, ZachXBT has also reached out to the community for help in ensuring that the truth prevails.
To cover the extensive legal costs associated with his defense, ZachXBT has established a donation. The funds collected will aid in financing the defense against Machi’s legal actions, which he anticipates will exceed $1 million.
Support Surges for ZachXBT: Prominent Crypto Figures Rally Behind the Crypto Detective
On the other hand, Machi Big Brother has claimed that he cannot be deemed an embezzler. Apparently, this is because he was never entrusted with the funds in question. He does not dispute the fact that he eventually received the funds, but emphasizes that he was not the initiator of the transfer. By distancing himself from the role of the initiator, Machi is trying to evade the label of “embezzler.”
The lawsuit between ZachXBT and Machi Big Brother has attracted considerable attention within the cryptocurrency community. Prominent figures in the crypto and NFT community such as Zeneca and kmoney are already showing their support for ZachXBT and donating to his fund. As the legal battle unfolds, it will be interesting to see how both parties present their arguments. And, how this case could impact the realm of crypto-related reporting and online content creation. Undoubtedly, the outcome will have implications for transparency and the right to express different viewpoints in the crypto world.