NFT Pro Trader Machi Big Brother Files Defamation Suit Against Web3 Sleuth ZachXBT – Crypto News – Crypto News
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NFT Pro Trader Machi Big Brother Files Defamation Suit Against Web3 Sleuth ZachXBT NFT Pro Trader Machi Big Brother Files Defamation Suit Against Web3 Sleuth ZachXBT

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NFT Pro Trader Machi Big Brother Files Defamation Suit Against Web3 Sleuth ZachXBT – Crypto News

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Today, well-known NFT trader and crypto figure Jeffrey Huang, who goes by the Web3 pseudonym Machi Big Brother, filed a lawsuit against on-chain internet sleuth ZachXBT. Huang accused the latter of “publishing and maliciously promoting an article that falsely presented [Huang] as a criminal that had embezzled millions of dollars of cryptocurrency and manipulated markets.”

The article Huang is referring to in the lawsuit is entitled “22,000 ETH Embezzled and Over Ten Projects Failed: The Story of Machi Big Brother (Jeff Huang)” and was published exactly a year agoon June 16, 2022. In it, ZachXBT argued that Huang, a Taiwanese-American entrepreneur and former musician, embezzled 22,000 ETH ($37 million) from the treasury management platform Formosa Financial in 2018, as well as taking part in several failed crypto exchanges. and NFT projects in the time since.

ZachXBT and Machi Big Brother go public

“I have consistently maintained that the allegations in his article are false,” Huang wrote on Twitter while announcing the lawsuit to his followers. “I look forward to proving through the lawsuit that @ZachXBT unlawfully defamed me.”

ZachXBT, whose full identity is unknown, is well-regarded in the NFT space for documenting Web3 scams and the subsequent movements and flow of money across various blockchains and wallets. He has called attention to some of the biggest failed projects and scams in recent crypto art memory, including pixelmon, Pixel Penguins, friendsiesand more.

“It’s unfortunate I have to make this thread but I am being sued by MachiBigBrother for an article I published in June 2022,” ZachXBT wrote today while revealing the details of the lawsuit. “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.

Credit: ZachXBT

Editor’s note: This story is developing and will be updated.

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