• 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

9 months 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

BlockDAG Set for Major Launch on Binance

chest

BlockDAG is set for a major launch on Binance with an exclusive AMA on October 24, 2023, to unveil new roadmap details and enhance visibility.

user avatarBayarjavkhlan Ganbaatar

Emerging Tokens Benefit from Tether's High Volume

chest

Smaller tokens like Reflexer Ungovernance Token are gaining attention as Tether's high volume spills over into niche markets.

user avatarMohamed Farouk

US-China Trade Relations Impacting NVIDIA and Exports

chest

NVIDIA's business in China has stalled due to high tariffs and restrictions imposed by the US, leading to a significant decline in Chinese exports to the US.

user avatarKenji Takahashi

Chainlink's Reserve Grows Amid Market Changes

chest

Chainlink's reserve has significantly increased, reflecting positive market sentiment.

user avatarDiego Alvarez

Michael Saylor Expands Bitcoin Holdings Amid Market Recovery

chest

Michael Saylor's firm, Strategy, has acquired an additional 168 BTC for $188 million, reinforcing its position as the largest corporate holder of Bitcoin.

user avatarElias Mukuru

Traditional Finance Doubles Down on Blockchain Infrastructure

chest

Major financial institutions are increasingly investing in blockchain-based payment and settlement platforms as regulatory clarity improves.

user avatarMaria Fernandez

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.