– ZachXBT is facing a defamation lawsuit from cryptocurrency exchange FTX over tweets he made about the company’s involvement in a recent controversy.
– ZachXBT has expressed concern that the legal fees to defend himself in the lawsuit could be more than $1 million, which he says he cannot afford.
– The case highlights the potential financial risks of speaking out publicly about controversial topics, particularly in the cryptocurrency industry where legal battles are becoming more common.
In summary, ZachXBT’s fears about the potential cost of defending himself in a defamation lawsuit highlight the risks of speaking out publicly in the cryptocurrency industry. As legal battles become more common, individuals and companies must weigh the potential financial and reputational costs of their actions.