On-Chain Sleuth ZachXBT Sued for Libel After Claiming Plaintiff Drained Funds from Project.

Plaintiff Jeffrey Huang, a well-known music executive, has filed a lawsuit against ZachXBT, a cryptocurrency trader, claiming that his reputation was damaged when ZachXBT allegedly falsely accused him of embezzlement. Here are the most important points from the case:

1. The Allegations: According to the lawsuit, ZachXBT made false and defamatory statements on social media accusing Huang of embezzling funds from his company, 88rising. The allegations were reportedly made in retaliation for Huang’s decision to terminate a business relationship with ZachXBT.

2. The Damage: Huang claims that the allegations caused significant damage to his reputation and career. He alleges that he lost business opportunities and suffered emotional distress as a result of the false accusations.

3. The Lawsuit: Huang is seeking damages for defamation and intentional infliction of emotional distress. He is also seeking an injunction to prevent ZachXBT from making any further defamatory statements about him.

In summary, Jeffrey Huang’s reputation has been damaged by false accusations of embezzlement made by ZachXBT on social media. Huang has filed a lawsuit seeking damages and an injunction to prevent further harm to his reputation.