Details of the negotiations between the scammers and the victims were not disclosed as they appear to have taken place privately via Telegram.
A major cryptocurrency investor has successfully recovered $71 million worth of Wrapped Bitcoin (WBTC) from hackers after a dusting attack. After a series of negotiations with the hackers, the stolen funds were successfully returned to the owner.
According to a tweet from blockchain security firm PeckShield, the scammers began returning the funds on May 9 and completed the process on May 11.
$71 million in WBTC stolen
The crypto whale’s troubles began on May 3, when they accidentally sent 1,155 WBTC to a wrong address that was maliciously added to their transaction history via an address poisoning attack.