Jeffrey Huang Firmly Refutes ZachXBT’s Multiple Allegations Of Price Manipulation
- Jeffrey Huang chittered to refute the previous accusations made by on-chain detective ZachXBT.
- He said ZachXBT’s allegations that he misappropriated funds were false and unsubstantiated.
- In response to the accusation about “Squid DAO,” Huang Licheng stated that he did not push up or sell or have any improper behavior.
Jeffrey Huang, a tech entrepreneur, former musician, and one of the largest NFT Bored Ape Yacht Club holders, warbled to contradict the prior round of claims made by on-chain investigator ZachXBT.
He said that ZachXBT’s charges of misappropriation of money were untrue and baseless. First and foremost, he did not steal 22,000 ETH from Formosa Financial. He has no access to the multisig that sends the vault ETH, and none of the receiving addresses are his. CEO Ryan Terriblini and CTO Lorne Lantz are multi-signatories for Formosa Finance.
Second, in 2020, he turned up Cream Finance to other teams before it was assaulted again in August and October 2021. In February 2022, he re-administered the protocol and recovered monies for users harmed by the hack.
Moreover, in response to the “Squid DAO” charge, Huang Licheng declared that he did not push up, sell, or engage in any unlawful activity. He is associated with Squid DAO. He backed a plan to refund DAO money in January 2022, resulting in the return of nearly 12,000 ETH to Squid DAO members.
According to a June 16 post, on-chain detective ZachXBT was sued by Jeffrey Huang, one of the persons he accused of defamation fraud. According to the article, Huang, also known on Twitter as “MachiBigBrother,” accused ZachXBT of hurting the company name via false charges.
ZachXBT announced the creation of a donation address to protect free expression, which has already collected over a million dollars in donations. Binance CEO Changpeng “CZ” Zhao made a donation, telling ZachXBT to keep up the battle and make the industry honest. The action comes as Binance and Zhao are dealing with a high-profile Securities and Exchange Commission litigation.
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