Victim of 90 ETH Exploit Set to Get Funds Back After Hacker Blacklisting
14. August 2023
• A victim of a 90 ETH exploit was able to have their attacker’s Tether (USDT) address blacklisted and frozen
• The attack resulted in the victim being drained of almost $170,000 worth of NFTs and other assets
• With the help of police and cyber authorities, the victim may be able to retrieve most of their funds back
Victim of 90 ETH Exploit Set To Claw Funds Back
A victim of a 90 Ether (ETH) exploit is set to claw funds back after their attacker’s Tether (USDT) address was blacklisted. The hacker managed to get a hold of the victim’s hot wallet seed phrase on March 16, which resulted in them being drained of almost $170,000 worth of nonfungible tokens (NFTs) and other assets.
Help From Police & Cyber Authorities
With the help from police and cyber authorities, the USDT address belonging to the hacker has been blacklisted. This means that the victim may be able to retrieve most of their funds back as there is currently over $100,000 worth of USDT frozen in this wallet.
In previous instances where a USDT address has been blacklisted under similar circumstances, Tether has burned the blacklisted USDT and re-issued equal amounts of that asset back to its original owner. However, it is not yet known if this will be case for this particular incident as it usually requires a court order before blacklisting an address.
The victim took to X (formerly Twitter) to express how grateful they were for everyone who helped out during this process: “The people I was working with were amazing […] Very grateful”.
While it is not yet confirmed if the victim will receive reimbursement for their stolen funds, they are still very thankful for all those involved in getting this hacker’s wallet blacklisted.