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 <h2 id="strong-machi-big-brother-salutes-zachxbt-strong"><strong>Machi Big Brother Salutes ZachXBT</strong></h2> 
 <p><span style="font-weight: 400">Justifying his reasons for dropping the suit, Machi Big Brother acknowledged that ZachXBT had made some necessary amendments to the article he claimed defamed his character, a gesture he appreciates. Both parties have decided to drop the matter and forge ahead.</span></p>  
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 <p><span style="font-weight: 400">The popular </span><span style="font-weight: 400">Non-fungible token</span><span style="font-weight: 400"> (NFT) whale pointed out that ZachXBT had made immense contributions to the crypto community in the past. As such, the decision to pursue legal action against him was not “the right path” rather, it was a last resort.&nbsp;</span></p> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">I am withdrawing my defamation suit against @zachxbt. </p> 
  <p>Zach has many times in the past been of great service to the crypto community and pursuing legal action against him was a last resort but not the right path.</p>  
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  <p>I appreciate that Zach has made important amendments to his…</p> 
  <p>— Machi Big Brother (@machibigbrother) August 14, 2023</p> 
 </blockquote> 
 <p></p> 
 <p><span style="font-weight: 400"><a rel="noopener noreferrer nofollow" title="ZachXBT" href="https://thebittimes.com/tag/zachxbt.html">ZachXBT</a> also confirmed that the <a rel="noopener noreferrer nofollow" title="Lawsuit" href="https://thebittimes.com/tag/lawsuit.html">Lawsuit</a> has been dropped although he claimed to be surprised that the matter had to go down the legal route. At the same time, the online detective appreciates that a resolution has been reached.&nbsp;</span></p> 
 <p><span style="font-weight: 400">In response to the article “22,000 ETH Embezzled and Over Ten Projects Failed: The Story of <a rel="noopener noreferrer nofollow" title="Machi Big Brother" href="https://thebittimes.com/tag/machi-big-brother.html">Machi Big Brother</a> (Jeff Huang)” published in June 2022, <a rel="noopener noreferrer nofollow" title="Machi Big Brother" href="https://thebittimes.com/tag/machi-big-brother.html">Machi Big Brother</a> decided to pursue a legal action </span><span style="font-weight: 400">against</span><span style="font-weight: 400"> <a rel="noopener noreferrer nofollow" title="ZachXBT" href="https://thebittimes.com/tag/zachxbt.html">ZachXBT</a> exactly one year after</span><i><span style="font-weight: 400">.</span></i><span style="font-weight: 400"> The latter was accused of defamation but he was quick to tag the <a rel="noopener noreferrer nofollow" title="Lawsuit" href="https://thebittimes.com/tag/lawsuit.html">Lawsuit</a> as baseless and an attempt to stifle free speech.&nbsp;</span></p> 
 <p><span style="font-weight: 400">In the said article, ZachXBT talked about some financial improprieties and the failure of multiple projects associated with Machi Big Brother. Just like the title of the article reads, the crypto sleuth claimed that Huang embezzled 22,000 Ethereum from Formosa Financial, a crypto management firm.</span></p>  
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 <p><span style="font-weight: 400">Huang’s lawsuit argued that the claims were categorically false. Many perceived the lawsuit as a show of power dynamics in the sense that Machi was using his enormous wealth to intimidate a detective who lacked comparable financial capabilities.</span></p> 
 <h2 id="strong-the-support-for-zachxbt-s-legal-defense-strong"><strong>The Support for ZachXBT’s Legal Defense</strong></h2> 
 <p><span style="font-weight: 400">Taking cognizance of the financial burden that the legal battle would come with, ZachXBT created a donation address to seek contributions from members of the crypto community when the suit was filed. The expected expenses came in at around $1 million.</span></p> 
 <p><span style="font-weight: 400">TRON founder Justin Sun made a handsome donation of 10,000 TUSD to <a rel="noopener noreferrer nofollow" title="ZachXBT" href="https://thebittimes.com/tag/zachxbt.html">ZachXBT</a> and in the end, the crypto community was able to raise more than $500,000 for the detective’s legal defense.</span></p> 
 <p><span style="font-weight: 400">With the latest development on the suit, unused funds donated to him in the course of the legal battle would be returned, per a statement from ZachXBT.&nbsp;</span></p> 
</div>

Machi Big Brother and ZachXBT no longer have a pending case

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