A legitimate victim of a major phishing attack has started a fight: two days on the run from hackers to recover 50 million USDT

DegenMcsleepless · 2026-01-20T14:05:30+00:00

A recent phishing attack led to the loss of 50 million USDT, prompting victims to offer the hacker a unique deal: return 98% within 48 hours for a $1 million bounty. Authorities are monitoring the situation closely, and legal action will follow if the hacker declines. This case highlights the evolving conflict resolution strategies in the crypto ecosystem.

DegenMcsleepless

2026-01-20 14:05:30

Abstract generation in progress

The incident involving the loss of 50 million USDT due to a phishing attack has taken a new turn. The victims have issued a firm stance: instead of pursuing traditional legal action through courts, they have proposed an unconventional solution to the attacker.

Conditions for White Hat Hackers: One Million Dollars in Two Days

The user who lost 50 million USDT managed to establish direct contact with the attacker via the blockchain network. The proposal is structured as follows: if the attacker returns 98% of the stolen assets to the original address within 48 hours, they will be entitled to keep $1 million as compensation for discovering a critical vulnerability. This approach is positioned as recognizing the role of a white hat hacker, even within the context of traditional criminal proceedings.

Powerful Monitoring Infrastructure Already Activated

Behind this proposal is a serious organizational structure. According to on-chain analyst Specter, competent authorities, cybersecurity experts, and leading blockchain protocols are already involved in the investigation. The attacker’s wallet is under continuous 24/7 surveillance. A substantial amount of evidence has been collected regarding their actions and personal identification.

The Victims Are Laying Legal Foundations for Further Action

If the attacker refuses to cooperate or proves unable to meet the conditions within the specified timeframe, the case will be handed over to international law enforcement agencies. Criminal and civil liability will be inevitable. The victims have made it clear: this is the final offer before launching a full legal process.

This case demonstrates the evolution of conflict resolution approaches within the crypto ecosystem, where the balance between expediency and legal justice is becoming increasingly critical.

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