ZachXBT Aids U.S. Government in Recovering $20 Million from Hack
ZachXBT, a blockchain investigator, assisted the U.S. government in recovering $20 million from a hack but did not receive any financial compensation. During a discussion on X, he highlighted the lack of rewards for his significant contributions to the crypto industry.
Key points from ZachXBT's disclosure include:
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<li Assisted in recovering a substantial amount of stolen funds without financial reward
<li His investigations led to arrests linked to a $243 million crypto theft
<li Uncovered fraudulent schemes involving multiple wallet operators and scams
<li Emphasized that financial gain is not his primary motivation
<li Highlighted systemic issues regarding compensation for independent investigators
The crypto community has shown support for ZachXBT. NFT holder Joey Moose started a fundraising campaign for him, sharing donation addresses for Bitcoin, Ethereum, and Solana. Reactions were mixed, as some questioned the need for the campaign given ZachXBT's existing donation options.
Recent scams have underscored the necessity for investigators like ZachXBT. A recent attempt to launch a meme coin named after Barron Trump was quickly identified as fraudulent. This incident reflects a broader trend of questionable meme coins in the market.
The issue of fair compensation for investigative work remains unresolved. ZachXBT’s experiences highlight the challenges faced by independent investigators in the crypto industry, raising questions about how to adequately support those who protect against fraud.