Scammer Returns 50% of Stolen Crypto Funds to Victim

user avatar

by Giorgi Kostiuk

3 years ago

Made with AI


Earlier on May 3, 2024, a trader lost a significant amount of Wrapped Bitcoin (WBTC) through a poisoning scam. Today, Peckshield, an on-chain security firm, revealed that the scammer returned 50% of the stolen $71 million worth of WBTC to the victim's address.

In a Peckshield Alert, it was mentioned that the scammer sent 51 ETH to the victim on May 9, 2024, along with a message, and requested the victim's telegram information for further contact. Later that day, the scammer returned nearly 50% of the stolen funds, which equaled 11,446.87 ETH, approximately $35 million, to the victim's address.

The scammer split the $35 million into three different transactions, but the victim has not yet received the remaining 50% of the stolen funds. It remains to be seen if the scammer will return the rest of the funds or not.

Looking at previous month's crypto losses, totaling around $26 million due to various security breaches, it was significantly lower than the $79 million loss in March 2024. The cumulative crypto market loss until April 2024 was over $449.3 million, with additional warnings of potential scams, like the one CertiK informed ZKasino about on their Skynet profile.

As a result of this incident, there will likely be no impact on Ethereum's price. Currently, Ethereum (ETH) is trading at around $3,030, with a recent 2% increase in the last 24 hours. Over the last week, Ethereum's performance has been relatively stable, showing a 2% increase.

Moreover, on May 9, 2024, ZachXBT reported that Tatiseth, a prominent figure in the crypto community, fell prey to a phishing attack, losing three valuable Bored Ape Yacht Club NFTs - numbered 7531, 6736, and 2100 - to a scammer named PinkDrainer. The NFTs were quickly sold for 48.5 ETH, totaling around $145,000.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

BotPsy Sets New Standards in AI Performance Benchmarks

Tether's QVAC BotPsy has achieved impressive scores in AI performance benchmarks, scoring 440 on BFCL v4 and 587 on ACEBench, surpassing larger models and demonstrating the potential of smaller AI models.

user avatarMiguel Rodriguez

Tether Launches Innovative AI Model QVAC BotPsy

Tether introduces QVAC BotPsy, an AI model with 800 million parameters that excels in performing everyday tasks on personal devices.

user avatarRajesh Kumar

CoreWeave's Strong Q3 Performance Boosts AI Sector Sentiment

CoreWeave's strong Q3 results have increased investor sentiment in the AI sector, reporting $366 million in revenue, a 168% year-over-year increase, and raised full-year guidance.

user avatarLuis Flores

Deutsche Bank Launches Crypto Custody Service for Institutions

Deutsche Bank has officially launched its crypto custody service for institutional and corporate clients in Europe.

user avatarArif Mukhtar

Yana Prikhodchenko Takes the Helm as CEO of Phase

Yana Prikhodchenko has been appointed as cofounder and CEO of Phase, a technology company focused on the AI agent economy.

user avatarDavid Robinson

Phase Unveils Layer 1 Blockchain Mainnet and AI Agent Services

Phase has launched its Layer 1 blockchain mainnet and AI agent services, enabling autonomous operations for AI agents.

user avatarMaria Gutierrez

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.