Hacker identity fully exposed! Suji Yan warns: If funds are not returned within 72 hours, international law enforcement 'net' will be immediately activated.
Core of the incident: The toughest 'black eats black' in crypto history.
International law enforcement coalition: Mask Network founder Suji Yan issued an on-chain ultimatum to the hacker, stating that the FBI, Hong Kong police, Interpol, and private security have identified him, with a complete chain of evidence, threatening 'global manhunt'; 72-hour life-and-death line: Demanding the hacker return all stolen funds by March 5, or law enforcement actions will escalate, including: global exchanges blocking involved addresses; criminal prosecution of the hacker and associated personnel; public disclosure of their true identity and criminal evidence; if cooperation in repayment occurs, promising 'generous rewards' and destruction of tracking data, case termination; if repayment is refused, 'unlimited legal liability' will be pursued.
Background: The shockwave of the Mask Network theft case.
Although the specific amount has not been disclosed, Mask Network was previously attacked due to a smart contract vulnerability, resulting in losses exceeding $20 million; stolen funds were mixed through Tornado Cash, but Suji Yan claims to have locked the hacker's IP and identity through cross-chain transactions and CEX deposit and withdrawal records; Hong Kong police's rare involvement in cross-national crypto cases may be closely related to Hong Kong's recent push for Web3 licensing regulation.
Industry shock: The 'centralized iron fist' of the decentralized world.
1. Upgrade of crypto rights protection paradigm: For the first time, a project openly collaborates with multiple national law enforcement agencies to combat on-chain anonymous crime with 'off-chain identities.'
1. Pressure on exchanges surges: If hacker addresses are globally banned, platforms like Binance and OKX must cooperate to freeze funds, causing compliance costs to skyrocket.
3. Deterrence in the hacker ecosystem: Anonymous forums have seen hacker organizations calling for 'stopping attacks on Asian projects' to avoid becoming the next target.
Ultimate question: The boundary between decentralization and lawlessness.
Supporters: Call this move 'fighting to stop war'; if successful, it will significantly increase the cost of hacker crimes and promote industry security upgrades.
Opponents: Criticize Suji Yan for 'betraying the spirit of Web3,' using traditional power institutions to undermine crypto anonymity, which may provoke a backlash from privacy advocates.
Legal controversy: Can international judicial cooperation break through the technical barriers of crypto mixing? If hackers use privacy coins like Monero, is tracking ineffective?
When Suji Yan's 72-hour ultimatum casts a 'nuclear deterrent' on-chain, this rare 'international crackdown' in the crypto world has transcended mere asset recovery, becoming a milestone event in Web3 governance—if successful, it may initiate a new era of 'on-chain crime, off-chain settlement'; if failed, it will expose the fundamental conflict between decentralized ecosystems and sovereign power. The outcome will be revealed in 72 hours.