The well -known KOL "ZachXBT" in the currency circle known as "the detective on the chain" published a long investigative article in June last year, accusing Taiwanese artist "Brother Maji" Huang Licheng of being associated with 10 leek-cutting projects including Mithril, denying that Huang Licheng, who made the accusation, announced on the 17th that the article had caused damage to his reputation, and he had filed a defamation lawsuit against ZachXBT in the U.S. District Court for the Western District of Texas.
And ZachXBT issued a counterattack yesterday, vowing to defend freedom of speech in court, and create a cryptocurrency wallet address to crowdfund litigation costs and seek community support. He explained that litigation in the United States is quite expensive, and legal defense costs can easily exceed $1 million, with all remaining funds prorated to be returned to donors.
Binance will donate $50,000
It is worth noting that Changpeng Zhao (CZ), CEO of Binance, the world's largest cryptocurrency exchange, tweeted this morning that Binance would donate $50,000 to ZachXBT, encouraging ZachXBT to continue fighting and maintain industry transparency. , ZachXBT also thanks:
Thank you CZ for your support.
In fact, in December last year, Binance had a dispute with Mithril, a project founded by Huang Licheng. Changpeng Zhao challenged and demanded the return of the deposit of 200,000 BNB that Mithril had handed in. Changpeng Zhao showed the contract back then, and Binance did not have to repay the deposit according to the contract.
Further reading: After being slapped in the face by CZ, Mithril argues again: the project vault on Binance is locked, and it has been pushing to unlock it for a year
The donation amount has exceeded 950,000 mg
ZachXBT’s fundraising address 0x6eA158145907a1fAc74016087611913A96d96624 has received more than $950,000 worth of cryptocurrency donations, including USDC worth more than $570,000, USDT worth more than $220,000, ETH worth nearly $90,000, and ETH worth more than $10,000. TUSD in U.S. dollars, and over 60 other tokens.
Previously, many well-known figures in the currency circle have donated to express their support, including the blockchain media Bankless who donated US$25,000, the head of the Coinbase Cloud protocol Viktor Bunin , the blockchain security company CertiK who donated US$10,000, and the blockchain security company CertiK who donated US$5,000. Cosine , the founder of SlowMist, and Justin Sun , the global advisor of Huobi, also donated US$10,000 in TUSD.
