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- ZachXBT, a decentralized finance (DeFi) cyber investigator, accused famed Taiwanese musician and blockchain celebrity Jeff Huang, commonly called Machi Big Brother, of malfeasance in ten separate cryptocurrency projects on Thursday
- However the charges were many, and the major focus was on Huang’s alleged role in the disappearance of 22,000 Ether (ETH) obtained during Formosa Financial’s (FMF) initial coin offering for tokens in 2018,
- Huang, whose public wallet was just launched roughly two years ago, has dismissed ZachXBT’s claims as false
What Is The Controversy About
Wherever there is a huge market of potential and growth, there are suspects of huge frauds.
There has been a huge controversy regarding the alleged questionable activities of the famous star Jeff Huang.
ZachXBT, a decentralized finance (DeFi) cyber investigator, accused famed Taiwanese musician and blockchain celebrity Jeff Huang, commonly called Machi Big Brother, of malfeasance in ten separate cryptocurrency projects on Thursday.
Outside of Taiwan, Machi Big Brother is renowned as an obsessive collector of Bored Ape Yacht Club nonfungible tokens (NFTs), with a collection worth an estimated $8.26 million at the top of the crypto bull market last year.
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Machi Big Brother replied with his famous tweet saying: “This is misinformation. If he wasn’t anon I’d sue him for defamation.”
Huang’s Take On The Accusations
However the charges were many, the major focus was on Huang’s alleged role in the disappearance of 22,000 Ether (ETH) obtained during Formosa Financial’s (FMF) initial coin offering for tokens in 2018. This token was created by a Taiwanese treasury management platform that was specifically created for blockchain enterprises.
Huang, whose public wallet was just launched roughly two years ago, has dismissed ZachXBT’s claims as false. Because the DeFI detective’s report lacked the necessary KYC information tying wallet addresses to Huang, A news agency was unable to independently confirm Huang’s purported involvement in other projects.
In an interview earlier this year, Huang made the following comments on Mithril and Cream Finance, both of which are initiatives listed in ZachXBT’s article:
“This is misinformation. If he wasn’t anon, I’d sue him for defamation.”
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
