Noteworthy events continue to unfold within the blockchain ecosystem. Accordingly, the official account of blockchain researcher ZachXBT, known for his notable posts on the social media platform X, has been disabled. Following this move, several accounts impersonating the famous figure have emerged, and discussions about these accounts seem set to continue on social media.
Remarkable Statements on the Issue
Michael Khekoian, partnership director of the Web3 security firm Wallet Guard, announced to his followers via X that fake X accounts using the leading blockchain researcher’s name were impersonating to defraud investors.
Khekoian reported in his statement that several fake accounts appeared after the official ZachXBT account was disabled today, and he stated the following:
“When it comes to ZachXBT, there are multiple accounts currently imitating his visible name and using the pretense of helping users to manipulate an already unfortunate situation to their advantage.”
Furthermore, he warned users to be cautious, emphasizing that numerous accounts imitating popular ones like ZachXBT aim to deceive by convincing users to click on phishing links and participate in scams. An X account using the name Nathan eth posted a screenshot on Telegram, claiming that ZachXBT’s account had been disabled for an indefinite period.
ZachXBT Raises Over $1 Million for Legal Battle
Earlier this year, ZachXBT became involved in a legal battle following his meticulous research on NFT whale Jeffrey Huang, better known as MachiBigBrother, shared on Twitter. On June 16, Huang announced that he had filed a defamation lawsuit against ZachXBT, accusing him of damaging his reputation with false claims.
Although Huang did not specify these claims, an article shared by ZachXBT in June 2022 was published: 22,000 ETH Embezzled and More Than Ten Projects Failed: The Story of Machi Big Brother (Jeff Huang).
Just two days after the lawsuit was filed, ZachXBT raised over $1 million in donations from the crypto community to pay for his legal fees. Among the donors were Changpeng Zhao, former CEO of the cryptocurrency exchange Binance, and Sandeep Nailwal, co-founder of the cryptocurrency exchange Kraken and founder of Polygon.
