• 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

CryptoAppsy: A Revolutionary Tool for Monitoring Cryptocurrency.

chest

CryptoAppsy has been launched, providing real-time cryptocurrency data and portfolio management features.

user avatarSon Min-ho

Catastrophic Phishing Attack on Trezor Users Results in Massive Losses

chest

A catastrophic phishing attack on Trezor users on January 16, 2025, resulted in the theft of approximately 1,459 BTC and 205 million LTC, exposing critical vulnerabilities in user security practices.

user avatarAyman Ben Youssef

Crypto Losses Reach 400 Million in January 2025 Amidst Alarming Hacks

chest

In January 2025, crypto losses reached 400 million due to hacks, highlighting critical vulnerabilities in the blockchain industry.

user avatarTando Nkube

Federal Reserve and European Central Bank Communications

chest

This week, the Federal Reserve and European Central Bank are set to be highly active in their communications, which could have significant implications for global markets.

user avatarKofi Adjeman

Geopolitical Tensions Add to Silver Market Volatility

chest

Geopolitical risks have heightened volatility in the silver market, overshadowing its role as a safe-haven asset.

user avatarSatoshi Nakamura

US Inflation Data Adds Pressure on Purchasing Power

chest

Recent US inflation data shows rising producer prices, adding pressure to purchasing power and influencing global investor sentiment.

user avatarNguyen Van Long

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.