📅 December 5 | United Kingdom – United States
Renowned on-chain researcher ZachXBT, famous for uncovering crypto fraud schemes, announced the arrest of the alleged British threat actor involved in the theft of $243 million from Genesis creditors.
📖For months, the hack remained a dark mystery: stolen funds, wallets moved with surgical precision, mixers, and obfuscation techniques worthy of a movie. However, ZachXBT meticulously tracked the transactions, connected addresses, cross-referenced data, and found direct links to the British actor, generating a report that became a key piece of evidence for authorities.
According to The Block, sources close to the police operation indicate that an arrest is “highly likely,” and independent sources confirmed legal developments that coincide with the progress of the investigation. It wasn't by chance: it was pure on-chain expertise.
This case has a key point: the stolen funds belonged to creditors of the failed lender Genesis, which meant not only a technical loss but real financial devastation for many victims. When users saw $243 million disappear, the psychological and economic damage was profound.
Now, with this breakthrough, a glimmer of justice appears that many thought impossible.
What was most impressive was the methodology. ZachXBT didn't act as a private investigator, but as a digital analyst guided by public data. His investigation exposed movements between wallets, time patterns, related IP addresses, and connections to other illicit operations.
When the community thought the trail was lost, he published evidence that put pressure on the authorities. And now, if the arrest is confirmed, it would be proof that collaboration between independent investigators and legal systems can bring down even sophisticated hackers.
Topic Opinion:
When experts like ZachXBT use open data with technical criteria, they help clean up the industry. This potential arrest not only brings justice but also reaffirms that the crypto ecosystem can self-regulate and support governance when it acts rigorously.
💬 Do you think this arrest will deter future hackers?
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