Hacker returns $47 million in ETH to scam victim
A victim who lost $71 million in Wrapped Bitcoin (WBTC) on May 3 is receiving the money back from the exploiter, as reported by X user Lookonchain. For the past six hours, the victim has been receiving Ether (ETH) transactions from different addresses, amounting to over 16,071 ETH, equivalent to over $47 million.
An exploiter drained 1,155 WBTC from the victim through a poisoned address scam, consisting of mimicking a legitimate wallet to trick users into sending funds, as reported by Crypto Briefing. Joe Green, head of CertiK’s Quick Response Team, explained the scam was made possible after the victim sent 0,05 ETH to the intended address.

The exploiter then noticed the transaction and replicated it to an address he created with the same starting and ending digits. After receiving 1,155 WBTC, the exploiter started moving the funds to different wallets and converted the funds to Wrapped Ether (WETH).
The reason behind the refund is still unclear. A few users commented on Lookonchain’s post suggesting that this might be a tax evasion move, as the victim and the exploiter might be the same person.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Sets Higher Lows—Can Bulls Target $88K Resistance?

Solana Faces 50% Drop Risk as $125–$137 Range Holds the Key Amid Market Volatility

Panama City Council makes history as the first government institution accepting crypto payments
Share link:In this post: Panama City council voted in favor of becoming the first public institution of government to accept payments in cryptocurrencies. Citizens will now be able to pay taxes, fees, tickets and permits entirely in crypto starting with BTC, ETH, USDC, and USDT. The city partnered with a bank that will receive crypto payments and convert them on the spot to U.S. dollars, allowing for the free flow of crypto in the entire economy.

EnclaveX launch brings fully encrypted, cross-chain futures trading to retail investors
Trending news
MoreCrypto prices
More








