• 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

Potential Factors for Trump Coin's Recovery

chest

There are speculations about potential recovery for Trump Coin if economic conditions change.

user avatarLeo van der Veen

Target Cuts Prices on Thousands of Items to Boost Sales

chest

Target announces price cuts on 3,000 items to attract customers and boost sales.

user avatarLi Weicheng

Across Protocol Considers Revolutionary Token-for-Equity Swaps

chest

Across Protocol is considering a significant structural change by proposing token-for-equity swaps, which could revolutionize DeFi.

user avatarAisha Farooq

Stablecoins Recognized as Key Winners in Cryptocurrency Market

chest

Stablecoins are recognized as the only clear structural winners in the cryptocurrency market due to their ties to physical assets like the dollar.

user avatarTenzin Dorje

New Research Paper Addresses Quantum Computing Threat to Bitcoin

chest

A report from ARK Invest and Unchained discusses the potential impact of quantum computing on Bitcoin's cryptography, concluding that while it is a long-term concern, it is not an immediate threat.

user avatarBayarjavkhlan Ganbaatar

South Korea Launches AI System for Cryptocurrency Tax Tracking

chest

South Korea's National Tax Service is developing an AI system to track cryptocurrency profits for taxation starting in 2027.

user avatarMohamed Farouk

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.