With the help of police and cyber authorities, a victim of a hack worth 90 Ether (ETH) has gotten the attacker\u2019s Tether (USDT) address blacklisted. As a result, they may be able to get most of their funds back. <\/p>\n
The victim, who goes by L3yum\u00a0on X (formerly Twitter), was initially drained on March 16 after the hacker managed to get a hold of their hot wallet seed phrase. Several Yuga Labs-related nonfungible tokens (NFTs) were stolen, alongside some crypto and other NFTs from smaller projects, before being promptly swapped or sold off. <\/p>\n
In an Aug. 11 X thread, L3yum highlighted that the hacker\u2019s Ethereum-based USDT address had been blacklisted: \u201cToday after working with the police and cyber team in my country, I was able to get the stolen funds sitting in USDT frozen and black listed.\u201d<\/p>\n
At the time of writing, 90 ETH is equivalent to roughly $166,000, and the blacklisted wallet has $107,306 worth of USDT locked up, suggesting the victim may not get the total value of their stolen funds back. <\/p>\n
While it is also not yet 100% certain if the victim will be reimbursed, in previous instances in which a USDT address has been blacklisted under similar circumstances, Tether has burned the blacklisted USDT and re-issued equal amounts of the asset to the original owner. <\/p>\n
It is also worth noting that the blacklisting of a USDT address by Tether generally comes after a court order. <\/p>\n