• 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

10 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

Humanity Protocol Faces Major Price Decline Amid Market Volatility

chest

Humanity Protocol's price has dropped significantly, with a daily trading volume decline of over 64%. The price fell to 0.01172 after an 11% drop, reflecting mixed sentiment across the cryptocurrency market.

user avatarMaria Fernandez

COTI's Garbled Circuits: A Lightweight Alternative to FHE

chest

COTI's Garbled Circuits are significantly lighter and more efficient than Fully Homomorphic Encryption, making them suitable for standard devices.

user avatarGustavo Mendoza

COTI's Garbled Circuits Enable Real-Time Performance for Decentralized Apps

chest

COTI's Garbled Circuits framework provides sub-millisecond latency for encryption and computation, making it ideal for real-time decentralized applications.

user avatarRajesh Kumar

COTI's Garbled Circuits Revolutionize Blockchain Privacy Solutions

chest

COTI has successfully implemented Garbled Circuits (GC) on blockchain, showcasing significant performance advantages over Fully Homomorphic Encryption (FHE).

user avatarMiguel Rodriguez

Japan Post Bank to Implement DCJPY for Real Estate Payments by 2026

chest

Japan Post Bank is set to introduce DCJPY, a yen-backed digital currency, for real estate rental payments in collaboration with Shinoken Group and DeCurret, aiming to improve payment efficiency and security by 2026.

user avatarArif Mukhtar

Massive 250 Million USDC Minted Signals Major Movements in Crypto Markets

chest

A staggering 250 million USDC has been minted at the USDC Treasury, indicating significant movements in the cryptocurrency market.

user avatarLuis Flores

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.