ZachXBT is accused of libel in a U.S. District Court and has vowed to fight the lawsuit.
for libel by one of the people he accused of fraud, according to a June 16 social media post. According to the post, Jeffrey Huang, known as “MachiBigBrother” on Twitter, has accused ZachXBT of damaging his reputation through false allegations.@zachxbtToday, I have filed a defamation lawsuit against him in the United States District Court for the Western District of Texas.ZachXBT responded to the lawsuit by calling it “baseless” and “an attempt to chill free speech.
One of the claims made in the article is that Formosa Financial co-founder George Hsieh removed 11,000 Ether from the project’s treasury: The article claimed that Hsieh subsequently left the project, leaving other officers in charge. According to ZachXBT, the funds drained from the treasury were sent to numerous other wallet accounts shortly afterwards, including one that also received funds from ENS domain harrisonhuang.eth.
“Not only did Plaintiff not embezzle funds from the Formosa Financial project, he also never had control of any Formosa Financial funds, making embezzlement factually impossible. Indeed, on information and belief, Defendant understood perfectly well that, as a mere outside adviser to the Formosa Financial project, Plaintiff would have no way of directly accessing the allegedly stolen funds in the first place.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NYC Bar Assn. refuses to approve Queens Civil Court candidates in 6th districtThree candidates for Queens Civil Court failed to get approval from the New York City Bar Association as early voting begins ahead of the June 27 primary election.
Read more »
Harrisburg School District announces two-year contract agreement with teachersNew contract includes annual raises in the salary schedule of 4.65 percent and 4.75 percent; board will vote on the terms June 27.
Read more »
Chicago Park District permits Riot Fest amid protestor pushbackPark District leaders praised the festival for better engaging with nearby communities after backlash last year. The festival is scheduled to be held Sept. 15-17 and its lineup features the Foo Fighters, The Cure and Queens of the Stone Age.
Read more »
Taylor ISD finds new ways to attract teachers to work for its districtTaylor ISD is finding new ways to attract teachers to work for its district.
Read more »
Residents challenge Houston Police Department's claim of decreased crime rates in District GResidents in District G of Houston, particularly in the affluent Galleria area, are challenging the Houston Police Department's (HPD) recent assertion that violent crime has decreased in all districts.
Read more »