• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

ZachXBT Unrewarded for Aiding in $20M Recovery

user avatar

by Giorgi Kostiuk

a year ago


Recently, it was revealed that ZachXBT, a well-known independent cybersecurity researcher, played a key role in recovering a significant portion of funds stolen in a hack targeting the US government. Despite his contribution, he received no reward or acknowledgment.

ZachXBT's Role in Cyberattack Investigation

ZachXBT is known for uncovering cybercrimes. In the recent attack, he swiftly used blockchain forensics to trace the stolen funds, aiding in their partial recovery. However, ZachXBT reports that his efforts were not duly rewarded.

NEW: @zachxbt SAYS THAT HE WAS NOT REWARDED AFTER HE HELPED RECOVER A SIZABLE AMOUNT OF FUNDS FROM A $20M HACK THAT TARGETED THE U.S. GOVERNMENT.DEGEN NEWS

Debate on Compensation for Researchers

ZachXBT's revelation has sparked discussions about the role of independent researchers in tackling major hacks and the need to reward them. Many in the crypto community have voiced their support for ZachXBT, arguing that such efforts deserve recognition and compensation. This also raises the question of how governments value the work of independent investigators.

Other Cases of Stolen Crypto Recovery

Besides ZachXBT's efforts, WazirX recently reported successfully recovering $3 million of the $235 million stolen in a major hack in July 2024. While this marks a significant recovery step, the issue of how to retrieve the remaining stolen funds remains pressing.

The case of ZachXBT raises important questions about the role and value of independent researchers in the modern cybersecurity ecosystem. It remains hoped that their contributions will be duly recognized and rewarded in the future.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin ETFs Match Gold Inflows in Record Time

chest

Bitcoin ETFs have matched gold ETFs in investor inflows in under two years, despite a significant price drop.

user avatarMohamed Farouk

South Korea's Corporate Crypto Investment Guidelines Favor Non-Stablecoins

chest

The Financial Services Commission (FSC) of South Korea has proposed guidelines allowing investments in the top 20 non-stablecoin cryptocurrencies, capping corporate exposure at 5% of a company's capital.

user avatarElias Mukuru

South Korea Excludes Stablecoins from Corporate Investment Framework

chest

South Korean financial regulators are set to exclude US dollar-pegged stablecoins from a new framework allowing corporate investments in cryptocurrencies.

user avatarDiego Alvarez

Inactivity Among Bitcoin Long-Term Holders Amid Market Uncertainty

chest

Recent data shows that Bitcoin long-term holders are largely inactive, choosing to hold their assets instead of redistributing them.

user avatarKenji Takahashi

Hourglass V2 Proposal Introduced to Safeguard Satoshi Nakamoto's Bitcoin

chest

Hourglass V2 proposal introduced by Hunter Beast aims to limit P2PK outputs to one per block to safeguard Satoshi Nakamoto's Bitcoin holdings from quantum threats.

user avatarMaria Fernandez

Senator Ted Cruz Advocates for Permanent Ban on CBDCs

chest

US Senator Ted Cruz is advocating for a permanent ban on central bank digital currencies (CBDCs) by filing an amendment to the 21st Century ROAD to Housing Act, aiming to eliminate the temporary ban set to expire on December 31, 2030.

user avatarGustavo Mendoza

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.