.MachiBigBrother has filed a lawsuit against ZachXBT, alleging the on-chain sleuth defamed him in a series of online posts saying MachiBigBrother embezzled 22,000 ether. LizKNapolitano reports
NFT trader MachiBigBrother, otherwise known as Jeffrey Huang, has sued ZachXBT, an independent blockchain detective, after the on-chain sleuth published a report last year alleging Huang embezzled tens of millions of dollars worth of crypto.
The lawsuit, filed on Friday in the U.S. District Court for the Western District of Texas, alleges ZachXBT defamed MachiBigBrother,"inflict[ing] serious reputational and monetary harm” on him. ZachXBT faces one count of libel and one count of libel per se, according to the complaint. "Without any regard for the ruinous effect that public allegations of criminal conduct can produce for the accused individual, [ZachXBT] not only proceeded to publish his defamatory article on
, he also maliciously promoted the article to his more than 300,000 Twitter followers," MachiBigBrother's lawyer said in the complaint.The lawsuit cites an investigation ZachXBT published on his and on Twitter in June 2022 alleging MachiBigBrother manipulated crypto markets and embezzled 22,000 ether, worth nearly $38 million at the time of writing."My understanding is that Machi[BigBrother] is very wealthy," ZachXBTIn the same Twitter thread, the crypto detective lamented that fighting the lawsuit could cost more than $1 million. He asked his followers to donate crypto to a wallet dedicated to his legal costs.
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