Jeffrey Huang’s Conflict With Crypto Detective ZachXBT Is Growing

The 14,000-square-foot mansion has five bedrooms and eight bathrooms. Its estimated value per square foot is $1,786.

Last week, independent blockchain investigator ZachXBT was sued by NFT trader MachiBigBrother, also known as Jeffrey Huang. The lawsuit was submitted in response to a report published by ZachXBT last year, which alleged that Huang had stolen tens of millions of dollars worth of cryptocurrency.

ZachXBT defended himself by asserting that the lawsuit lacked validity and that he would fight back to defend free speech. To fund his legal defense, ZachXBT solicited contributions from his supporters.

ZachXBT received over $1 million in stablecoins and tokens from the crypto community and significant corporations while facing defamation charges. Hundreds of wallets sent USD Coin (USDC), Tether (USDT), Dai (DAI), and numerous memecoins such as JESUS and PEPE, according to data from Nansen. Binance, CertiK, and Justin Sun, the creator of Tron, support the initiative. Smaller quantities originated from tokens based on Arbitrum, BNB Chain, Optimist, Polygon, and Fantom. The majority of contributions were made on the Ethereum blockchain.

According to blockchain data, ZachXBT transferred the received funds to another address as of Monday morning.

In addition, data from the NFT market Blur revealed that Jeffrey Huang had sold 11 BAYC series NFTs for 476.43 ETH in the past. During the same time frame, he sold 19 NFTs, including 5 MAYC series NFTs, 2 Azuki series NFTs, and 1 CryptoPunks series NFT.

Jeffrey Huang is a tech entrepreneur, a former musician, and one of the largest NFT Bored Ape Yacht Club shareholders. Recently, Twitter detective ZachXBT accused him of stealing 22,000 ETH from treasury management services provider Formosa Financial in 2018.

According to the article, the Taiwanese-American businessman, known online as “Machi Big Brother,” has been implicated in “more than 10 failed pump & dump projects and NFT projects” over the past four years.

In addition, it provides information about Huang’s involvement in the cryptocurrency industry, his associations with projects and individuals, and evidence supporting the alleged illegal transactions.