\n<\/p>\n
Blockchain investigator ZachXBT has received over $1 million in donations from the crypto community in just over 24 hours to pay for his legal fees in a defamation lawsuit.<\/p>\n
ZachXBT, known for his investigative work in the blockchain and cryptocurrency industry, has become embroiled in a legal dispute with Jeffrey Huang, better known on Twitter as MachiBigBrother.<\/p>\n
On June 16, Huang tweeted that he had filed a defamation lawsuit against ZachXBT, accusing him of damaging his reputation through false allegations.<\/p>\n
While Huang didn\u2019t specify those allegations, in June 2022, an\u00a0article\u00a0was published by ZachXBT titled: 22,000 ETH Embezzled and Over Ten Projects Failed: The Story of Machi Big Brother (Jeff Huang).<\/p>\n
In the article, ZachXBT accused Huang of launching over \u201cover 10 failed pump and dump tokens and NFT projects.\u201d<\/p>\n
Responding to the lawsuit in a series of tweets on June 17, ZachXBT called the lawsuit \u201cbaseless\u201d and an \u201cattempt to chill free speech.\u201d\u00a0<\/p>\n
He set up a donation wallet address for his followers to assist with the legal fees, which he believes could \u201ceasily exceed\u201d $1 million.<\/p>\n
\n3\/ I am creating a donation address to assist with legal costs associated with the defense of this matter, which could easily exceed $1m USD. <\/p>\n
All leftover funds will be returned on a pro rata basis to contributors.<\/p>\n
\u2014 ZachXBT (@zachxbt) June 16, 2023<\/p><\/blockquote>\n
He added that the lawsuit \u201cis sickening,\u201d but he \u201cknew one day\u201d it would happen, as that is \u201cthe price\u201d of honesty.<\/p>\n
\u201cThe price of telling the truth is sometimes people dislike what you say,\u201d he tweeted.<\/p>\n