• 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

Rollblock's Tokenomics and Revenue Sharing Model

chest

Rollblock's tokenomics includes a total supply of 1 billion tokens with a revenue-sharing model for holders.

user avatarRajesh Kumar

Crypto Gaming Revolutionizes Casino Games

chest

The integration of cryptocurrency into casino gaming has transformed traditional games like baccarat, slots, and poker, enhancing player experience with fast transactions and digital payments.

user avatarLuis Flores

Emergence of Play-to-Earn Games in Crypto Gaming

chest

Play-to-Earn (P2E) games have emerged as a significant branch of crypto gaming, allowing players to earn digital assets through gameplay.

user avatarMiguel Rodriguez

ZEN Token Migration and Trading on Major Exchanges

chest

Horizen's native token ZEN has migrated to Base as an ERC20 asset, enabling trading on decentralized exchanges and major platforms.

user avatarArif Mukhtar

Horizen Launches Mainnet as EVM-Native Rollup on Base

chest

Horizen has officially transitioned from a proof-of-work blockchain to a Layer 3 blockchain on Base, focusing on privacy-enabled applications.

user avatarMaria Gutierrez

Demand for Dogecoin ETFs Shows Signs of Cooling

chest

The total value traded for Dogecoin ETFs has dropped significantly, indicating a decrease in demand.

user avatarDavid Robinson

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.