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Market News

Match Sytems Recover $68M from Hackers

Written By Iyiola Adrian
Published May 12, 2024 3:23 AM·Updated 2 years ago
Make The Crypto Times preferred on GoogleGoogle
Alex Labs Recovers $3.9M in Crypto After Bridge Exploit

$68 million worth of stolen cryptocurrencies has been recovered by Match Systems. A prominent crypto investor was targeted during the hack that took place on May 3rd, where a total of 1,155 Bitcoin tokens were stolen at a market price of $69.3 million.

According to Chainwire, the anonymous victim initially tried negotiating with the bandits by offering them 10% as a reward if they returned the funds but got no response. The victim then hired Match Systems to track and recover the stolen cryptocurrency.

$68 million from the incident occurred on May 3, 2024 related to the "dust" attack were fully returned to the victim today with the participation of the cybersecurity agency @MatchSystems and the @cryptex_net cryptocurrency exchange. pic.twitter.com/qOAYMoIbBd

— Match Systems (@MatchSystems) May 10, 2024

Match Systems’ skilled investigators carefully followed the trail left by the hackers as they tried to cover up the origin of the stolen money through complex transactions. It took them one week to finally catch up with these hackers and reclaim the money for its rightful owner.

While the full details are kept secret, the sudden change in the thieves’ behavior from silence to wanting to communicate has puzzled crypto watchers. 

Match Systems advises victims of similar robberies to report quickly, as chances of getting money back drop significantly over time.

Also Read: Nigerian Interpol Gets Upskilled to Combat Cybercrimes

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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