50 million USDT stolen: hackers face global law enforcement pursuit and 48-hour restitution ultimatum

【Blockchain Movement】Big news on the chain again. A user was severely scammed by a phishing attack, losing a total of 50 million USDT. But the victim did not just sit and wait.

According to on-chain data tracking, the victim has officially reported the incident to law enforcement and has teamed up with multiple cybersecurity agencies and blockchain protocol teams to launch a manhunt. Currently, the wallet address controlled by the attacker has been integrated into a 24/7 real-time monitoring system—meaning every move of this address is under surveillance.

Even more interesting, the victim issued a final ultimatum to the attacker through on-chain messages. The condition is clear: Return 98% of the stolen assets within 48 hours. If the attacker cooperates on time, they can receive a $1 million white-hat bounty—this is positioned as a reward for discovering and disclosing vulnerabilities. In simple terms, it’s exchanging over $49 million in recovered assets for $1 million, and then this matter is closed.

But if the hacker insists on resisting, the consequences will be severe. The victim stated that if there is no cooperation, the case will be escalated to legal and international law enforcement agencies. At that point, not only will the attacker’s identity be pursued, but they will also face criminal and civil liabilities.

This incident clearly illustrates a point. On one hand, large transactions and wallet activities on the chain are indeed hard to completely hide; on the other hand, more and more victims are beginning to use law enforcement and cross-chain cooperation to recover assets. For hackers who want to “disappear quietly” in Web3, the environment is no longer as lenient as it was a few years ago.