• Jeffrey Huang refuted allegations of embezzling ETH and launching “pump and dump”
   projects.
• In 2022, ZachXBT alleged that Huang stole 22,000 ETH and launched 10 failed projects.
• Huang filed a defamation lawsuit against ZachXBT.

Jeffrey Huang, an NFT trader, tech entrepreneur, and musician, known as Machi Big Brother on Twitter refuted the claims raised against him regarding the embezzlement of 22,000 ETH from the digital asset management platform Formosa Financial. ZachXBT, an on-chain sleuth published an article last year, stating that the Taiwanese-American musician stole more than 22,000 ETH and launched over “10 failed pump and dump tokens and NFT projects.”

Last week, Huang filed a defamation lawsuit against ZachXBT, accusing the sleuth of damaging his reputation.  ZachXBT, in response to the NFT trader’s assertions, defended himself by affirming that Huang’s lawsuit is “baseless and an attempt to chill free speech”.

Meanwhile, the leading crypto exchange Binance provided financial support to Zach in the defamation lawsuit, by donating $850k. However, the donation proved controversial as it followed Huang’s contribution of his Bored …

The post Jeffrey Huang Hits Back at Embezzlement, Pump and Dump Allegations appeared first on Coin Edition.

• Jeffrey Huang refuted allegations of embezzling ETH and launching “pump and dump”
   projects.
• In 2022, ZachXBT alleged that Huang stole 22,000 ETH and launched 10 failed projects.
• Huang filed a defamation lawsuit against ZachXBT.

Jeffrey Huang, an NFT trader, tech entrepreneur, and musician, known as Machi Big Brother on Twitter refuted the claims raised against him regarding the embezzlement of 22,000 ETH from the digital asset management platform Formosa Financial. ZachXBT, an on-chain sleuth published an article last year, stating that the Taiwanese-American musician stole more than 22,000 ETH and launched over “10 failed pump and dump tokens and NFT projects.”

Last week, Huang filed a defamation lawsuit against ZachXBT, accusing the sleuth of damaging his reputation.  ZachXBT, in response to the NFT trader’s assertions, defended himself by affirming that Huang’s lawsuit is “baseless and an attempt to chill free speech”.

Meanwhile, the leading crypto exchange Binance provided financial support to Zach in the defamation lawsuit, by donating $850k. However, the donation proved controversial as it followed Huang’s contribution of his Bored …

The post Jeffrey Huang Hits Back at Embezzlement, Pump and Dump Allegations appeared first on Coin Edition.