The crypto industry’s best-known blockchain sleuth, the pseudonymous ZachXBT, said on Monday that the defamation lawsuit brought against him by Jeffrey “Machi Big Brother” Huang in June has been dropped.
As part of an agreement with Huang, ZachXBT made significant alterations to his published investigation, in the process removing some of the sharper accusations against the entrepreneur and NFT trader while softening the language of some of his claims.
“While I am disappointed it went down the legal route in the first place,” ZachXBT said on Twitter, “I am appreciative we are able to find a resolution.”
2/2 I would like to thank everyone in the community for their donations and support during the process.
It meant a great deal to me and made a huge difference.
Soon I will announce the process of returning any unused funds from the legal defense.
— ZachXBT (@zachxbt) August 14, 2023
ZachXBT added he would soon return leftover funds that were donated by supporters to bankroll his legal defense.
Huang, a Taiwanese-American musician and tech entrepreneur,
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Author: André Beganski
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