If you are active on Crypto Twitter, you may have heard of ZachXBT, a blockchain sleuth who has been exposing various scams and hacks in the crypto space. ZachXBT is not his real name, but a pseudonym he uses to protect his identity and safety. He is a self-taught investigator who uses his skills and tools to track down malicious actors and reveal their schemes.

ZachXBT has been involved in several high-profile cases, such as:

The NFTMachine rug pull, where a fake NFT platform scammed users out of $2.7 million worth of ETH by promising exclusive NFT drops from celebrities like Snoop Dogg and Paris Hilton.

The Bitboy Twitter account takeover, where a hacker gained access to the popular crypto influencer’s account and posted fake giveaways and phishing links.

The SMA phishing attack, where a group of scammers impersonated the SMA protocol team and tricked users into sending their funds to a fake contract address.

ZachXBT shares his findings and insights on Twitter, where he has over 400K followers. He also writes detailed reports on his blog and Medium page. He often collaborates with other investigators, such as FrankResearcher and CryptoSpider, to uncover more evidence and clues.

ZachXBT’s motivation is not fame or money, but justice and education. He wants to help the crypto community by exposing the bad actors and raising awareness about the risks and best practices of crypto security. He also hopes to inspire more people to join him in his mission.

“I do this because I love crypto and I hate seeing people get scammed. I want to make crypto a safer place for everyone. I also want to show people that anyone can be a crypto detective if they have the passion and curiosity to learn,” he said in an interview with Cointelegraph.

ZachXBT Twitter icon

However, ZachXBT’s work is not without controversy and criticism. He is currently facing a defamation lawsuit from Jeffrey Huang, also known as MachiBigBrother, a Taiwanese entrepreneur and investor who ZachXBT accused of embezzling 22,000 ETH and manipulating crypto markets. ZachXBT published his investigation on his blog and Twitter in June 2022, and Machi filed the lawsuit in June 2023. ZachXBT claims that the lawsuit is baseless and an attempt to chill free speech, and he is seeking donations to help with his legal costs.

ZachXBT’s work has also earned him the support and appreciation of many crypto users who have donated to his legal defense fund. ZachXBT has received over $1 million in donations from the crypto community following the defamation lawsuit filed by MachiBigBrother. Notable figures like Changpeng Zhao, CEO of Binance, and Justin Sun, Tron founder and Huobi advisor, have shown their support for ZachXBT by contributing to his fund.

#zackxbt #crypto2023

#Binance #binancefeed

Crypto supporters have rallied behind ZachXBT, an anonymous cryptocurrency researcher who is facing a defamation lawsuit. In just 12 hours, the crypto community raised more than $500,000 to aid ZachXBT in covering his legal expenses.

The lawsuit has gained significant attention, with prominent attorney Stephen Palley joining ZachXBT's defense. This development further emphasizes the importance of protecting freedom of speech in the realm of crypto journalism.

On June 16th, ZachXBT, the anonymous crypto researcher, revealed that he had been sued for defamation. In response, the crypto community swiftly mobilized, contributing over $500,000 to support him. ZachXBT shared the lawsuit via a tweet and provided a digital wallet address for those who wished to donate towards his legal costs, which he anticipates could exceed $1 million.

The fundraising initiative resonated strongly with members of the crypto community, reflecting their concerns regarding censorship and legal threats faced by researchers. As of last Saturday morning, ZachXBT's donation address held 163 ETH, valued at approximately $290,000 at current prices, as well as around $180,000 worth of USDC, $30,000 worth of USDT, and various other cryptocurrencies. Prominent crypto figures, including Adam Cochran and Alex Svanevik, were among the notable contributors.

Noteworthy contributions to the cause include $5,000 worth of JESUS tokens and 69 billion GENSLR tokens, equivalent to $800. The latter is a meme token themed around, but not officially endorsed by, Gary Gensler, the current Chair of the Securities and Exchange Commission.

The lawsuit was filed in a Texas court and accuses ZachXBT of defaming Jeffrey Huang. ZachXBT had made allegations that Huang had misappropriated cryptocurrency from a crypto startup called Formosa Financial. In response, Huang demanded that ZachXBT remove these claims, which he vehemently denied.

ZachXBT firmly maintains that the lawsuit is groundless and an attempt to suppress his voice. This case holds significant implications as it serves as a pivotal test for free speech rights within the realm of crypto research and journalism.

#zackxbt #crypto2023 #pepe #BRC20 #SEC

#crypto news update:

⚠️ Breaking News:

Do Kwon Sentenced to 4 Months Jail in #Montenegro Document Forgery Case! ⚖️

We regret to inform you that Do Kwon, a prominent figure in the #cryptocommunity , has been sentenced to 4 months in jail in connection with a document forgery case in Montenegro. This shocking development has sent shockwaves through the industry. 😮

The case revolves around allegations of falsifying official documents, leading to legal consequences for Do Kwon. As a respected member of the crypto community, this news has taken many by surprise.

We understand the concern and uncertainty this brings, and we urge everyone to await further details and updates on the situation. It's important to let the legal process unfold and respect the outcome.

We hope this incident serves as a reminder of the importance of transparency, accountability, and upholding the highest ethical standards within the cryptocurrency industry.

Stay tuned for more information as the story develops. Let us come together as a community to support integrity and responsible practices in the crypto space.

#zackxbt #SEC

$BTC $ETH $BNB

Welcome back to our series on trading acronyms that can take your trading skills to the next level. In our previous post, we discussed the first ten acronyms, including TA, FA, BMO, AMC, ITM, OTM, ATM, HOD, EOD, and ER. Today, we continue our exploration with the remaining ten acronyms that will further expand your trading knowledge and empower you to make better-informed decisions in the markets. Let's delve into these acronyms:

Refer to the first post :https://www.binance.com/en-NG/feed/post/679094?ref=54178400&utm_medium=web_share_copy

1. P/E - Price-to-Earnings Ratio:

The Price-to-Earnings (P/E) ratio is a fundamental valuation metric that measures the relationship between a company's stock price and its earnings per share. It helps traders assess the relative value of a stock and compare it to industry peers.

2. ROE - Return on Equity: Return on Equity (ROE) is a financial ratio that measures a company's profitability by evaluating its net income in relation to shareholders' equity. Traders use ROE to gauge a company's ability to generate profits from shareholders' investments.

3.YTD - Year to Date: Year to Date (YTD) refers to the period from the beginning of the current calendar year until the present. Traders use YTD performance figures to analyze the overall performance of a security or investment over a specific timeframe.

4.WC - Working Capital: Working Capital (WC) represents the difference between a company's current assets and current liabilities. It indicates a company's short-term liquidity and financial health. Traders monitor WC to assess a company's ability to meet its short-term obligations.

5.ROI - Return on Investment: Return on Investment (ROI) is a financial metric that measures the profitability of an investment relative to its cost. Traders utilize ROI to evaluate the success of their trades and investment decisions.

6.BAR - Breakout and Retest: The BAR acronym refers to Breakout and Retest, a trading strategy that involves identifying a price level breakout, followed by a retest of that level. Traders utilize this strategy to confirm the strength of a breakout and identify potential entry or exit points

7. BO - Breakout: A Breakout occurs when a security's price moves above a significant resistance level or below a significant support level. Traders often see breakouts as potential buying or selling opportunities.

8.SR - Support and Resistance: Support and Resistance levels are price levels where a security tends to find buying support or selling pressure, respectively. Traders analyze these levels to anticipate potential price reversals or breakouts.

9.ROA - Return on Assets: Return on Assets (ROA) is a financial ratio that measures a company's profitability in relation to its total assets. It helps traders evaluate a company's efficiency in generating profits from its asset base.

10.NAV - Net Asset Value: Net Asset Value (NAV) represents the per-share value of a mutual fund or exchange-traded fund (ETF).

Conclusion:

Familiarizing yourself with these 20 trading acronyms can greatly enhance your trading skills. From fundamental analysis to technical indicators, these acronyms provide valuable insights and tools for making informed trading decisions. By incorporating them into your trading strategy, you can gain a competitive edge and increase your chances of success in the markets. So, start learning and applying these acronyms today to become a better trader tomorrow

#zackxbt #SEC #crypto2023 #BinanceTournament