Hacker Attack on USDT Address Results in Blacklisting and Partial Recovery

Hacker Attack on USDT Address Results in Blacklisting and Partial Recovery


**Title: Victim of Hack Recovers Majority of Stolen Funds with Help of Police and Cyber Officials**

**Introduction:**
A victim of a hack, with the assistance of the police and cyber officials, has successfully blacklisted the hacker’s Tether (USDT) address, allowing them to recover a significant portion of their assets.

**Key Points:**
1. Victim successfully blacklists hacker’s Tether address: With the help of law enforcement and cyber officials, the victim managed to blacklist the Ethereum-based USDT address used by the hacker.
2. Recovery of stolen funds: The victim can now retrieve a substantial portion of their stolen funds, valued at 90 Ethereum (ETH) at the time of the attack.
3. Complications in recovering all funds: However, due to the fluctuating value of ETH, the victim may not be able to recover the entire amount, as 90 ETH now equates to approximately $166,000.
4. Uncertainty regarding repayment: The question of whether the victim will be fully reimbursed remains uncertain, especially considering that $107,306 worth of USDT remains locked in the blacklisted wallet.
5. Collaboration with law enforcement: The victim expressed gratitude for the support received from the police and cyber officials, highlighting their willingness to learn about cryptocurrencies and assist in the recovery process.

**Closing:**
While the victim has successfully taken steps towards recovering their stolen funds, the fluctuating value of ETH presents a challenge in retrieving the full amount. The collaboration with law enforcement and cyber officials showcases the importance of their efforts in assisting crypto users and combating cybercrime.

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**Hot Take:**
This incident serves as a reminder of the vulnerabilities in the crypto space and the crucial role of law enforcement in providing support and protection to victims of hacks. It also highlights the need for individuals to take necessary precautions to secure their digital assets.

Author – Contributor at | Website

Coinan Porter stands as a notable crypto analyst, accomplished researcher, and adept editor, carving a significant niche in the realm of cryptocurrency. As a skilled crypto analyst and researcher, Coinan’s insights delve deep into the intricacies of digital assets, resonating with a wide audience. His analytical prowess is complemented by his editorial finesse, allowing him to transform complex crypto information into digestible formats.