A groundbreaking development has occurred in the world of cryptocurrency involving a scam from 2023. Scam Sniffer, a reputable anti-scam platform in the crypto industry, has revealed that the scammer responsible for stealing a significant amount of crypto tokens from a victim has returned $9.27M (38.26% of the total amount) in stablecoins. The platform took to its official X account to provide all the details of this remarkable turn of events.
The scammer has returned $9.27M in DAI to the victim, as confirmed by Scam Sniffer. This news comes as a relief to the victim, who suffered a loss of $24.23M worth of crypto assets, including rETH and stETH coins, during the crypto theft that occurred in September of the previous year. According to Scam Sniffer, the scammer executed a sophisticated crypto phishing attack, displaying an alarming level of sophistication in this type of scam within the crypto sector.
This incident highlights the growing trend of phishing scams in the crypto community, posing a significant risk of crypto loss. The victim, unfortunately, made a grave error at the time of the scam by unintentionally giving approvals to the scammer. Scam Sniffer emphasized this point, shedding light on the fact that the victim unknowingly authorized the party behind the scam.
The scammer employed a clever tactic to gain control over the victim’s assets by tricking them into approving “increaseAllowance” transactions. This technique is frequently utilized by scammers to manipulate and take control of a victim’s assets. Additionally, Scam Sniffer discovered that the scammer’s address is associated with various crypto phishing websites. Some of the stolen funds were traced to @FixedFloat, a service that facilitates rapid crypto exchanges.
In conclusion, the return of $9.27M worth of DAI by the scammer to the victim is a significant development in the crypto market. It serves as a reminder of the increasing sophistication of phishing scams and the subsequent risk of crypto loss within the industry. The crypto community must remain vigilant and take necessary precautions to protect their assets from such scams.
