ZachXBT: Huang Licheng has agreed to voluntarily withdraw the lawsuit and will refund more than 90% of the legal defense fund donations this week

ChainCatcher news, on-chain analyst ZachXBT stated that Huang Licheng has agreed to voluntarily withdraw the lawsuit against him. He expressed gratitude to all those who donated and supported him during this process and will refund the unused legal defense funds, with all refunds expected to be completed next week. Among them, there will be a pending refund on the Ethereum mainnet, while SOL and Pulse have just completed their refunds, and EVM chains will manually process refunds this week. More details will be announced later this week, and over 90% of the donations will be refunded.

According to previous news from ChainCatcher, in June this year, Huang Licheng sued ZachXBT for defamation, and ZachXBT subsequently raised legal defense funds from supporters, with funding support from Binance and Coinbase among others. ZachXBT claimed last year that Huang Licheng misappropriated 22,000 ETH of project funds.