Over the years, CT (Crypto Twitter) has been filled loads of scams and rugpulls. These have left investors in bad shape, with most still battling with the guilt of ignorance and possible depression. This has led to serious onchain analysis in a bid to track stolen funds. This is one of the dedicated job of a CT user, named Zack (@ZachXBT).
On his profile, you can get a good grasp of what he's into ๐
As a #rugpull survivor, he has dedicated most of his time into helping victims and calling out individuals who prey on the decentralisation and anonymousity of the blockchain space.
For DEXs, you can rely on utmost anonymousity. The fun part is that, most of these bad actors and scammers are not smart enough to act without trail. Some end up sending stolen funds to wallets with traceable Kyc informations. While others, get exposed with the stolen funds in their personal wallet, that may have been posted online before or affiliated with the project.
The thing about Zach is that, he makes the research and calls out the individuals involved. For today, there have been some sort of misunderstanding and he's now been charged with defamation lawsuits. Full details below; ๐
1/ Itโs unfortunate I have to make this thread but I am being sued by MachiBigBrother for an article I published in June 2022.
Today Machi filed the defamation lawsuit. The lawsuit is baseless and an attempt to chill free speech. I intend to fight back & defend free speech.
2/ This is a classic David & Goliath story. My understanding is that Machi is very wealthy. I am not. He is using his money to try silence me. Iโm asking for your help so this doesnโt happen & the truth survives.
3/ I am creating a donation address to assist with legal costs associated with the defense of this matter, which could easily exceed $1m USD.
All leftover funds will be returned on a pro rata basis to contributors.
5/ It is sickening to see it come to this but I knew one day this would happen as the price of telling the truth is sometimes people dislike what you say.
I have always kept my research as objective as possible and let the data and historical record speak for themselves.
These lawsuits claims seem to cost alot, with lawyer acquisition and other payments. As such, Zach has reached out his fans and followers to support him in any way they can. This seems to be the first time, he has asked for financial aid as his services are usually free of charge. This is why the turn up and Support is massive.
For #Cz , who is a man of good work and preacher of user safety in the ecosystem. He has decided to show his support, stating that the #Binance exchange would be making their own donation of $50,000 ๐. This places binance exchange as the most generous and relatable exchange in the world. The statement read;
"Binance will contribute $50k. Keep up the fight. Keep the industry transparent ๐ฆพ"
Most users have shown their appreciations to cz for the kind gesture. The crypto space sometimes, is all about community as this the only way the bad actors get to lose.
To be continued....โ๏ธ
Meanwhile, let's hear your thoughts below ๐
Do you think Zach will win this lawsuit?๐บ๐ฒ
Have you ever been rugged?๐จ
What do you think of Cz's actions?๐
Drop your comments below and don't forget to follow us for more updates and #crypto2023 #news .
Disclaimer:
Article purpose is to enlighten you about the charitable works of Cz Binance. We are not affiliated to either parties and moreso, sensitive information such as wallet address has not been added to this article, as it's against the policy. We will never ask you for funds, so please beware. Stay safe and keep learning / building!!!๐ฆพ