Crypto Scammer Returns $9.27 Million Out of $24M Crypto Theft

Crypto scammer sensationally returns $9.27 million to a victim after $24 million theft. Unprecedented move in crypto crime. Scam Sniffer reveals shocking details.

A crypto scammer has returned $9.27 million in stablecoins to a victim. This restitution, equating to 38.26% of the total stolen amount, was reported by Scam Sniffer, an anti-scam platform focused on the cryptocurrency industry.

Scam Sniffer disclosed the details of this unusual event on its official X account, revealing that the original theft occurred in September 2023. During this incident, the victim lost $24.23 million in various crypto assets, including rETH and stETH coins.

The scam was executed through a sophisticated phishing attack which successfully deceived the victim and resulted in the loss of such a significant sum. Scam Sniffer pointed out that the victim signed off on “increaseAllowance” transfers, a common tactic used by scammers to gain access to a victim’s crypto holdings.

Further investigation by Scam Sniffer linked the scammer’s address to several phishing websites within the crypto space. Additionally, some of the stolen funds were moved to @FixedFloat, a platform known for its rapid crypto exchange services.

This partial restitution of funds represents an unusual and rare occurrence in the world of crypto scams, bringing a glimmer of hope to victims of such fraudulent schemes.

Not the first time

This is not the first time that a scammer has returned some of the stolen crypto to their victims. There have been numerous such cases in the past, for instance, the following:

March 2018 – Hacker returned $17 million worth of stolen Ethereum

April 2020 – Hacker returned $25 million after their IP address was exposed

October 2020 – Hacker stole $24M, returns $2.5M to Harvest Finance DeFi

January 2020 – Multichain hacker returned $1m, keeps $150k as a bug bounty

March 2023 – Hacker Returned $200 Million Stolen from London’s Euler Finance

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