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Big Brother Ma Ji accuses detective ZachXBT of defamation online, community donations exceed one million, overwhelmingly supporting ZachXBT

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Big Brother Ma Ji accuses detective ZachXBT of defamation online, community donations exceed one million, overwhelmingly supporting ZachXBT

Twitter celebrity detective ZachXBT, who last year listed Brother Mai Huang Licheng's dozens of failed projects, the 22,000 ETH theft suspicions, and other deeds, although Brother Mai Huang Licheng attempted to bribe ZachXBT to delete posts on Twitter in the past year without success, he chose to file a defamation lawsuit against ZachXBT on the anniversary of his post.

The Clash Between Huang Licheng and ZachXBT: Formosa Finance Scandal

In June 2022, ZachXBT published a lengthy article titled "22,000 ETH Stolen, Over a Dozen Projects Failed: The Story of Big Brother Huang."

The article detailed Huang Licheng's involvement in multiple projects in the cryptocurrency circle that ended in failure, with the most notable being the suspicious fund misappropriation at "Formosa Finance." Investors in Formosa Finance included Huang Licheng and Wilson Huang, the founder of Steaker. The advisory team boasted prominent figures such as Huang Licheng and Lin Zhichen, the chairman of AppWorks and the general manager of Taiwan Mobile.

In ZachXBT's elaborate exposé, after analyzing the flow of funds, Huang Licheng vehemently protested, stating that he would pursue defamation lawsuits against false information.

Today, ZachXBT's one-year deadline for Huang Licheng's accusations has just passed. Throughout this lengthy process, Huang Licheng had tried to persuade ZachXBT to delete the article by offering support:

ZachXBT Persuaded to Delete Post by Big Brother Huang Licheng: Remove Negative Articles and Join Nouns Proposal for Funding

However, with ZachXBT remaining unmoved, Huang Licheng resorted to legal action.

Huang Licheng Denies Allegations: Responds to ZachXBT's Accusations: Formosa Finance, Cream Finance, Squid DAO

Defamation Lawsuit by Big Brother Huang Licheng

Huang Licheng pointed out that the investigative article published by ZachXBT a year ago had damaged his reputation. Therefore, he has filed a defamation lawsuit against ZachXBT in the Texas District Court, USA. He stated:

I have always believed that the accusations made against me in the article are unfounded. I look forward to proving in court that ZachXBT has unlawfully defamed me.

ZachXBT Posts to Raise Legal Funds

ZachXBT believes that Huang Licheng's accusations of defamation are baseless and merely an attempt to stifle freedom of speech. As a result, he has decided to fight back and defend freedom of speech.

ZachXBT has opened a new address 0x…96624 for public donations, accepting all EVM chains, primarily stablecoins. The funds will be used for legal expenses, and any remaining funds will be proportionally refunded to donors.

He stated:

This is a classic David and Goliath story. My understanding is that Machi is wealthy, but I am not, and he is trying to silence me by throwing money around. I am seeking your help so that the truth can prevail. It's sickening to see this situation, but I knew it would happen one day because sometimes telling the truth makes people hate you. I have always tried to maintain objectivity in my research, making the data and historical records self-evident.

Crypto Community Criticizes Huang Licheng, Binance's Zhao Changpeng and Other Celebrities Donate in Support

As of the deadline, ZachXBT has received a substantial amount of donations. Prominent blockchain media outlet Bankless also donated $25,000 USDC to support and directly called Huang Licheng a scammer, saying "Fuck the scammers."

Co-founder of Bankless, Ryan Sean Adams, stated:

ZachXBT is doing the work that Gary Gensler should be doing. Let's all support ZachXBT together.

In contrast, Huang Licheng's tweets were chaotic, with the crypto community stating that it was not defamation but a statement of facts. Huang Licheng's actions allowed everyone to take a closer look at ZachXBT's compilation of past wrongdoings.

Binance founder Zhao Changpeng also announced on 6/18 that Binance would provide $50,000 in legal fees to Zach, maintaining industry transparency:

Zhao Changpeng believes that Binance funding the online detective Zach, stands in support of Binance without conflicting with Big Brother Huang Licheng's support of Binance.

Big Brother Huang Licheng: I Just Want an Apology

Amidst widespread criticism, Big Brother Huang Licheng later stated: "I just need an apology. If there is any financial compensation, I will donate it to charity."

ZachXBT's Fundraising Surpasses One Million US Dollars

On 6/18, ZachXBT's fundraising surpassed one million US dollars, with $810,000 in stablecoins, 32 ETH (approximately $550,000), totaling at least $1.13 million. Even after some funds were withdrawn, there were still many donations pouring in on 6/19, with approximately $68,000 remaining.

Digital Artist Beeple Shows Support for ZachXBT

Digital artist Beeple also expressed his support for ZachXBT by creating artwork featuring ZachXBT's avatar, emerging from the depths overlooking a group of dark world rats. Beeple's caption reads: "FTW."