50 Million USDT Phishing Loss Victim Officially Files Lawsuit, Offers $1 Million White-Hat Bounty with a 2-Day Deadline
BlockBeats News, December 20th, According to on-chain researcher Specter, it was revealed that the address that lost 50 million USDT due to a phishing attack yesterday left a message to the attacker on-chain, stating that a formal case has been opened. With the assistance of law enforcement, cybersecurity agencies, and multiple blockchain protocols, a large amount of actionable intelligence has been collected on the attacker's activities. The wallet address controlled by the attacker is now under 24/7 monitoring.
The attacker has been requested to return 98% of the stolen assets to a specified address within 48 hours. If this condition is met, the attacker may keep $1 million as a white hat bounty to reward the discovery and disclosure of the vulnerability. However, this proposal is contingent upon the attacker's full and timely cooperation. Once the funds are returned, the victims will consider the matter resolved and will not take further action.
If the cooperation is refused, the case will be escalated through legal and international law enforcement channels to ascertain the attacker's identity and pursue both criminal and civil liability.
You may also like

Web3 is sick, but the cure is not AI

Why must Web3 projects be included in RootData?

Fluid Announces Updates on Resolv Hack Recovery and Compensation Plan
Key Takeaways Fluid has repaid approximately $70 million related to USR debts on the BNB and Plasma chains.…

Binance to Delist Key Spot Trading Pairs: What You Need to Know
Key Takeaways Binance is set to remove several spot trading pairs on March 27, 2026, at 11:00 AM…

Whale Activities in the Crypto Market: A Deep Dive into Recent Trends
Key Takeaways A significant whale deposit occurred 3 hours ago when 5.5 million USDT was moved to Binance…

Circle and Tether Freeze Iranian Exchange Wallex Wallet with $2.49M Assets on Hold
Key Takeaways Circle and Tether have frozen a significant amount of assets from an Iranian exchange called Wallex,…

James Wynn Engages in High-Leverage Bitcoin Short Position
Key Takeaways James Wynn recently opened a 40x leveraged short position on Bitcoin. His position involves 2.69 BTC,…

Major Whale Opens Significant 20x Leveraged Positions in ETH and BTC
Key Takeaways Whale 0x049b has executed large 20x leverage positions on 9,256 ETH and 282.47 BTC, totaling over…

New Whale Activity: 33,998 ETH Withdrawn from Kraken
Key Takeaways A new Ethereum whale with the address starting 0xD77 has withdrawn 33,998 ETH from Kraken. The…

Bernstein’s Insight: Bitcoin’s Potential Trajectory Toward $150,000 by End of 2026
Key Takeaways Bernstein predicts Bitcoin could rise to $150,000 by the end of 2026. The market is shifting…

Why Is The Crypto Market Up Today?
Key Takeaways The cryptocurrency market experienced a $114 billion surge, with Bitcoin leading by breaking above $71,000. Bitcoin’s…

SlowMist’s Latest Alert: A Deep Dive into LiteLLM’s Data Breach
Key Takeaways SlowMist identifies a major breach in the LiteLLM library, with approximately 300GB of sensitive data compromised.…

SpaceX Stock Prediction: Hitting $1,200 at 2026 IPO?
Key Takeaways Elon Musk confirms SpaceX is advancing its IPO plans, with expected filing as early as weeks…

Safello’s Bittensor Staked TAO ETP on Nasdaq Stockholm: A New Horizon
Key Takeaways: Bittensor Staked TAO ETP (STAO) by Safello is now listed on Nasdaq Stockholm. The ETP offers…

Bittensor (TAO) +18%: Essential Insights for Investors
Key Takeaways: The Bittensor (TAO) market has shifted from speculative potential to verified utility, marking an 18% rise…

Bittensor Surge: Understanding the TAO’s Bullish Performance and Institutional Inflows
Key Takeaways: Bittensor (TAO) is regarded as a key asset for institutional investors with a recent listing on…

Bittensor (TAO) Price Surge Sparks Intrigue: Is a Breakout Above Resistance Near?
Key Takeaways: Bittensor’s TAOUSD price has surged over 66%, breaching the $300 mark for the first time since…

Ethereum Price Prediction: Navigating Scaling, Security, and AI in 2026
Key Takeaways: Ethereum price remains in a critical range between $2,100–$2,350, with directional control uncertain. Vitalik Buterin’s criticisms…
Web3 is sick, but the cure is not AI
Why must Web3 projects be included in RootData?
Fluid Announces Updates on Resolv Hack Recovery and Compensation Plan
Key Takeaways Fluid has repaid approximately $70 million related to USR debts on the BNB and Plasma chains.…
Binance to Delist Key Spot Trading Pairs: What You Need to Know
Key Takeaways Binance is set to remove several spot trading pairs on March 27, 2026, at 11:00 AM…
Whale Activities in the Crypto Market: A Deep Dive into Recent Trends
Key Takeaways A significant whale deposit occurred 3 hours ago when 5.5 million USDT was moved to Binance…
Circle and Tether Freeze Iranian Exchange Wallex Wallet with $2.49M Assets on Hold
Key Takeaways Circle and Tether have frozen a significant amount of assets from an Iranian exchange called Wallex,…
