• 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

Jiang Zhuoer Predicts Bitcoin Bear Market Bottom in Late 2026

chest

Chinese mining figure Jiang Zhuoer predicts that Bitcoin may not find its final bear market bottom until late 2026, estimating a range of $42,000 to $44,000.

user avatarFilippo Romano

Solana Faces Technical Warning with Double Top Pattern

chest

Solana is facing repeated rejections near the $75 resistance zone, with traders monitoring the $60 level as potential support. A classic double top setup indicates potential bearish movement if the $60 support fails.

user avatarEmily Carter

Anthropic Urges Congress to Strengthen AI Protections Following Distillation Attack

chest

Anthropic urges Congress to enhance AI protections after alleging a distillation attack by Alibaba-affiliated operators, claiming over 288 million exchanges with its Claude chatbot were generated using fraudulent accounts.

user avatarTomas Novak

News Coverage Based on DefiLlama Data

chest

The news coverage is based on data sourced from DefiLlama, ensuring that the information provided is accurate and reliable.

user avatarKaterina Papadopoulou

Curaçao Introduces Comprehensive Crypto Regulations for Online Gambling

chest

Curaçao regulators have released a comprehensive rulebook for licensed online gambling operators, focusing on wallet screening and banning privacy mixers by 2027.

user avatarMaya Lundqvist

Baillie Gifford Enters Tokenized Bond Fund Market

chest

Baillie Gifford is reportedly planning to launch a regulated tokenized bond fund using public blockchain infrastructure, marking a significant move by a traditional asset manager into the tokenization space.

user avatarLi Weicheng

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.