Who is ZachXBT?

Summary: ZachXBT is an influential figure in cryptocurrency, known for exposing scams and misconduct through meticulous on-chain analysis. His efforts enhance the community's safety and promote a culture of transparency. Recognized for his contributions, including significant support from Optimism, ZachXBT underscores the importance of vigilant oversight in the cryptocurrency market, embodying the essence of helpful and trustworthy content.

Who is ZachXBT on Twitter?

ZachXBT is a highly regarded figure within the crypto community, known for his on-chain analysis expertise and extensive investigations into potential scams and misconduct within the sector. Using a pseudonymous Twitter account (@zachxbt), he has built a reputation as a digital detective or a crypto vigilante, shedding light on suspicious activity, bad actors, and unscrupulous practices within the crypto sphere.

Known for his meticulous attention to detail and an uncanny ability to track and trace digital assets across the blockchain, ZachXBT has played a critical role in exposing scams and bringing malicious players to justice. He has often been likened to the crypto version of Batman, instilling a sense of fear and accountability amongst influencers and entities operating with ulterior motives.

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Popular ZachXBT Threads

ZachXBT is widely recognized for his insightful Twitter threads that utilize on-chain analysis to unveil fraudulent activities, rug pulls, and security breaches within the cryptocurrency domain.

• ‍Unmasking Cryptocurrency Frauds: ZachXBT meticulously analyzes notorious scams, shining a light on deceptive tactics. A case in point is his investigation into the SaveTheKids token debacle, where he detailed the intricate manipulation and exploitation maneuvers employed.
• Munchables NFT Game $62M Exploit: ZachXBT uncovered a $62-million heist from the Munchables NFT game on the Blast blockchain, revealing the attacker’s wallet with 17,413 ETH. The breach, announced by Munchables on March 26, was linked to a developer known as “Werewolves0943.” Investigations showed premeditated contract manipulation facilitating the withdrawal.‍
• Crypto Hack Forensics: His threads frequently delve into post-mortem analyses of significant cryptocurrency thefts. For instance, his detailed breakdown of the PolyNetwork heist traced the movement of the stolen assets and decoded the hackers' sophisticated strategies.‍
• Influencer Exposés: ZachXBT scrutinizes the shadowy actions of influential figures in the crypto market. His exposés on personalities like Scott Melker, Tom Bilyeu, and Ran Neuner uncover the less visible impacts of influencer activities on market dynamics.‍

ZachXBT's investigative threads act as a beacon, heightening awareness and equipping his audience with the knowledge to protect their investments from prevalent cryptocurrency scams.

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ZachXBT and MachiBigBrother Lawsuit

Jeffrey Huang, known as Machi Big Brother, sued crypto investigator ZachXBT over a June 2022 article accusing him of embezzling 22,000 ether from Formosa Financial, a claim Huang contested as damaging to his reputation and financial standing. However, Huang later withdrew the lawsuit, recognizing ZachXBT’s significant contributions to the crypto community and deeming legal action inappropriate.

In a gesture of reconciliation, ZachXBT revised the article, softening the language without altering the factual basis of the events regarding the 22,000 ETH from Formosa's ICO wallet and clarified details about Huang's involvement with Cream Finance. Following this mutual agreement, ZachXBT, who had raised over $1 million for his defense, pledged to refund the unused donations to his supporters.

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ZachXBT Net Worth

ZachXBT's exact net worth is not publicly known. However, he has been financially supported for his investigative contributions to the crypto community, notably receiving 150,000 OP tokens from Optimism's third RetroPGF distribution round, valued around $580,000. This funding is part of Optimism's broader initiative to allocate $3.3 billion in OP tokens to significant contributors within its ecosystem, highlighting the Ethereum layer-2 scaling network's commitment to supporting its blockchain's development through 2024.

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Bottom Line

ZachXBT is as a crucial guardian in the cryptocurrency ecosystem, renowned for his deep dive on-chain investigations that cast light on the industry's murky aspects. His work, which spans unmasking scams to advocating for transparency, significantly bolsters the crypto community's safety and trust. Recognized and financially supported for his contributions, notably by Optimism, ZachXBT embodies the essence of independent oversight in crypto's fast-paced world, aligning with the ethos of delivering valuable and trustworthy analysis.