According to ChainCatcher, a whale or institutional player that lost about 50 million USDT in a phishing scam has taken an unusual step by reaching out to the attacker directly on-chain. Rather than escalating the situation, the victim is trying a more pragmatic approach, offering a 1 million white-hat bounty in hopes of getting the funds back.
So far, the message has gone unanswered. And realistically, the odds of recovery are low. The stolen USDT has already been converted into ETH and funneled through Tornado Cash, a move that makes tracking and retrieving the funds extremely difficult. Once assets reach that stage, the trail usually fades into the background, leaving little room for reversal.
ETH
2,993.76
+0.22%