The post Scammer Gives Back $9.3M to Victim 10 Months after $24M Theft appeared on BitcoinEthereumNews.com.

Coinspeaker Scammer Gives Back $9.3M to Victim 10 Months after $24M Theft In an unexpected twist, a phishing scam victim has recovered $9.3 million, ten months after falling prey to a $24 million crypto theft in September last year. The dramatic turnaround was first reported by Scam Sniffer on July 13, revealing that the scammer used Dai stablecoin to return the funds in two separate batches. A Change of Heart On July 6, the scammer had a change of heart and reached out to the victim through an on-chain message, revealing his intention to return the stolen funds: “Hello, I am the guy who took your money. I want to give the money back.” Two days later, the criminal started the reimbursement with an initial transfer of $5.23 million worth of the Dai stablecoin on July 8, as shown on Etherscan. On July 13, the scammer made another transfer to the victim’s wallet address. According to Scam Sniffer, the bad actor returned approximately $4.04 million to the same address as the first time at 12:06 PM UTC, bringing the total to $9.3 million. 💰 The scammer returned $9.27M in DAI to the victim. (credits: @bax1337) https://t.co/xwSASQOUis pic.twitter.com/T5vF1Ak3wo — Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) July 13, 2024 On-chain data also showed that the returned Dai originated from an address associated with Railgun Relay, a privacy protocol intermediary. The victim, who had been grappling with the significant financial loss, was relieved to see nearly 40% of their stolen funds returned. At the time of the return, the $9.3 million represented about 38.4% of the stolen assets’ value based on September 2023 prices. However, if the 14,429 staked Ether tokens were valued at today’s market prices, they would be worth approximately $47.5 million. Remaining Funds Etherscan data shows that despite the return…

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Filed under: News - @ July 15, 2024 11:12 pm