Pseudonymous blockchain sleuth ZachXBT, who for years has conducted volunteer on-chain investigations into alleged financial misconduct in the cryptocurrency industry, has been sued for defamation by an entrepreneur he had previously scrutinized. 

In June 2022, ZachXBT accused Taiwanese-American musician and tech executive Jeffrey Huang, known also by his online handle Machi Big Brother, of embezzling 22,000 ETH—worth roughly $37.8 million at writing—from a defunct crypto treasury management platform Huang had co-founded. The sleuth backed up the assertion with on-chain data.

On Thursday, Huang filed a federal lawsuit in the U.S. District Court for the Western District of Texas, alleging the accusations were false and that ZachXBT is now liable for damages to Huang’s reputation.

“I have consistently maintained that the allegations in his articl

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Author: Sander Lutz

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