Blockchain firm Match Sytems saves $68m from ‘dust attack’

Summary of Main Points:

  • Blockchain forensics company Match Systems recovered $68 million of stolen crypto assets from a dust attack.
  • A crypto whale lost $69.3 million in WBTC due to an address poisoning scam.
  • Match Systems successfully traced and recovered the stolen funds, emphasizing the importance of reporting theft promptly.

Blockchain Forensics Company Recovers Stolen Crypto Assets

Match Systems announced the successful recovery of $68 million of stolen crypto assets from a dust attack. The funds were returned to the victim with the help of UAE-based Match Systems and Cryptex.net.

Crypto Whale Loses $69.3 Million in WBTC

A crypto whale fell victim to an address poisoning scam, resulting in the theft of 1,155.28 WBTC, equivalent to $69.3 million at the time. Despite initial silence from the attacker, Match Systems was able to trace and recover the stolen funds.

Importance of Reporting Theft Promptly

Match Systems highlights the significance of reporting theft promptly, as the chances of asset recovery decrease over time. Users are urged to report incidents like address poisoning as soon as possible to increase the likelihood of successful recovery.

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