Key Points:
In response, ZachXBT announced the establishment of a donation address to defend freedom of speech, which has already received over $400,000 in contributions.
The controversy began when ZachXBT published an article on social media platform Twitter, claiming that Jeffrey Huang had allegedly misappropriated 22,000 ETH from Formosa Financial in 2018. The article further accused Huang of launching multiple unsuccessful initial coin offering (ICO) and non-fungible token (NFT) projects subsequent to the company’s collapse.
In light of these serious allegations, Jeffrey Huang has taken legal action, filing a defamation lawsuit against ZachXBT. The lawsuit seeks to address the reputational damage caused by the claims made in the article and seeks appropriate legal remedies. Huang vehemently denies all the accusations made against him and intends to fight for his reputation in court.
ZachXBT, known for his investigative work in the cryptocurrency space, responded to the lawsuit by announcing the creation of a donation address. According to his Twitter post, the donations received thus far have exceeded $400,000. ZachXBT claims that these funds will be utilized to support the cause of freedom of speech and enable him to defend himself in the legal battle with Huang.
The situation has attracted significant attention, with supporters and critics expressing their opinions on social media. Some have applauded ZXBT’s efforts to safeguard freedom of speech, considering it crucial for investigative journalism. Others, however, have raised concerns about the potential misuse of funds and the need for responsible reporting.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Annie
Coincu News
Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…
Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…
Willemstad, Curaçao, 4th November 2024, Chainwire
London, UK, 4th November 2024, Chainwire
November is the perfect time for BlockDAG's huge presale. Use BDAG100 to double your purchase.…
OpenSea new version is scheduled to launch in December, with an improved user experience, improved…
This website uses cookies.