• 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

WebDisclosure Introduces Strict Editorial Policy

chest

WebDisclosure has implemented a strict editorial policy that emphasizes accuracy, relevance, and impartiality in its content.

user avatarZainab Kamara

Kraken Enhances Trading with New Open Source Tools

chest

Kraken has launched an open-source command-line interface and Model Context Protocol server to enhance AI integration in trading.

user avatarSon Min-ho

Bitcoin Miners Face $50 Billion Capital Challenge in AI Hosting Transition

chest

Bitcoin miners are shifting towards AI hosting to diversify revenue, but face significant capital requirements, according to VanEck.

user avatarAyman Ben Youssef

Federal Reserve Implements Strict Editorial Policy

chest

The Federal Reserve has introduced a new editorial policy that focuses on accuracy, relevance, and impartiality in its communications.

user avatarTando Nkube

Satori Finance to Cease Operations Amid Crypto Market Decline

chest

Satori Finance, a decentralized perpetual futures exchange, is ceasing operations due to financial difficulties amid a declining crypto market.

user avatarKofi Adjeman

GLAAD Urges Stronger Oversight in AI to Protect LGBTQ Rights

chest

GLAAD calls for stronger industry accountability and regulatory oversight in AI development to protect LGBTQ communities.

user avatarSatoshi Nakamura

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.