ZachXBT, a pseudonymous on-chain researcher, has effectively reclaimed the majority of the earnings from a valuable DeGods non-fungible token auction (NFT).
This token was obtained in May 2023 when the original owner of the NFT was duped by a phishing scheme.
On February 24, ZachXBT announced with his 505,200 Twitter followers the results of his extensive nine-month investigation into the theft of the DeGods #3251 NFT, indicating that the majority of the stolen monies had been returned to their rightful owners.
In May 2023, the NFT was sold for 99 Ether, which was then worth around $177,000. He went on to say, “I am pleased to share that I was able to help recover a decent chunk of the stolen funds which have now been returned back to the victim.”
ZachXBT’s studies may take varying amounts of time, depending on the level of complexity involved. He typically uses detailed illustrations to show his audience the mechanisms underlying phishing scams and to trace the movement of cash, even those masked by cryptocurrency mixers.
He went on to say, “While recovery can be a lengthy process it does happen and I am always happy to share these success stories.”
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