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.