Blockchain Sleuth ZachXBT Raises Concerns Over IRS Investigation Tactics

ZachXBT, a renowned blockchain investigator, expresses unease over the IRS intrusive methods in seeking his assistance with blockchain-related probes, citing breaches of personal boundaries.

Renowned blockchain sleuth ZachXBT has raised alarm over what he perceives as overly intrusive tactics employed by the Criminal Investigation Unit (CIU) of the U.S. Internal Revenue Service (IRS) in their pursuit of his expertise for blockchain-related investigations.

ZachXBT, widely recognized for his proficiency in tracing blockchain transactions, recently took to X to voice his concerns regarding the relentless pursuit of the IRS in seeking his assistance. Despite his willingness to cooperate with legitimate inquiries, ZachXBT feels that the IRS approaches have crossed personal boundaries.

The blockchain expert cited instances of unwelcome visits to his former residences, unsolicited emails sent to his personal accounts utilizing private information, and physical mail, all of which he found intrusive despite being openly available through conventional contact channels.

Evidence provided by ZachXBT included correspondence from an IRS special agent praising his impressive work, particularly his proficiency with blockchain tracing tools. While acknowledging their own limitations in understanding blockchain intricacies, the agent sought ZachXBT guidance on making substantive contributions to the field.

However, ZachXBT criticized the IRS approach, deeming it unprofessional, especially after declining to support investors of the defunct Complex (SIMPLE) memecoin following its sudden collapse on April 4. He emphasized a preference for assisting genuine victims rather than those involved in speculative ventures with high-risk, unproven digital assets.

Meanwhile, the IRS continues to bolster its engagement with prominent figures and entities in the blockchain tracing realm, exemplified by its partnership with Chainalysis, a leading blockchain analytics firm. IRS-CI Chief Jim Lee underscored the importance of such collaborations in combating cryptocurrency-related crime, highlighting the significant impact of these investigative efforts, which have led to the confiscation of an estimated $10 billion in cryptocurrency since the agency began probing various digital asset-related criminal activities.

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