ZachXBT, a well-known blockchain investigator, revealed that he helped the US government recover a substantial portion of the $20 million stolen in a hack. However, he received no reward for his efforts.
The disclosure follows a discussion on X (formerly Twitter) about his dedication to the crypto industry and limited financial rewards for his work.
Support for ZachXBT due to compensation concerns
ZachXBT’s revelation follows a comment from Micki, a crypto enthusiast. The user described him as the busiest person in crypto for the next four years amid expectations of an increase in scams. The user expressed the hope of being well compensated for their efforts.
“When the US government was hacked for $20 million a few months ago, I helped recover a significant portion of those funds. Was rewarded zero for this. I just have many examples like this,” explained the blockchain detective.
Despite his pivotal contributions to the crypto space, ZachXBT admitted that financial gain was not a priority in his investigative work.
Blockchain Detective has played a vital role in uncovering major scams and holding bad actors accountable. His efforts notably led to the arrest of two hackers responsible for a $243 million cryptocurrency theft, as his on-chain investigations allowed authorities to track down and apprehend the perpetrators.
ZachXBT also revealed complex schemes, including fraudulent coin trading. For example, it identified an individual operating 16 X accounts to deceptively promote coins and discovered a trader named Murad linked to 11 crypto wallets.
While his work has saved millions of dollars and helped restore trust in the crypto industry, his lack of financial reward highlights a larger problem: the reliance on independent investigators who often work without institutional support or remuneration.
In response, discussions about fair compensation for such efforts have gained momentum. Joey Moose, a prominent Pudgy Penguin NFT holder, has launched a fundraising campaign for ZachXBT, sharing Bitcoin, Ethereum, and Solana wallet addresses to collect donations to support his invaluable work.
“Dude doesn’t do anything but help. If you made a lot of money this week, consider sending something for good karma,” Moose said.
This proposition seemed genuine. However, several users on X found it suspicious, given that ZachXBT already has a public donation address on his X account.
“The ultimate crime would be for you to keep the funds, try to wash them and have Zach investigate it,” joked Wale Moca, a researcher in the Azuki NFT community.
Indeed, ZachXBT’s work comes at a time when scams and crypto hacks are increasing. In the latest case, bad actors attempted to launch a new coin inspired by Donald and Melania Trump’s son, Barron.
“The official Barron Meme is live!” You can buy Barron now,” the post read.
The post has since been deleted shortly after community members called it a scam. Still, with more than 1.1 million followers, the announcement turned heads. Interest primarily came from the recently released TRUMP and MELANIA coins.
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