Victims issue a 48-hour final warning to the attacker after 50 million USDT are stolen

【CryptoWorld】On-Chain researcher Specter has revealed the latest developments in a major theft case. Yesterday, an address that lost 50 million USDT due to phishing on the chain publicly addressed the attacker—quite straightforwardly—stating that an official case has been filed.

The victim has mobilized law enforcement agencies, cybersecurity experts, and multiple blockchain protocols, gathering a large amount of actionable intelligence regarding the attacker’s activities. Even more critically, the wallet controlled by the attacker is now under 24/7 surveillance, with every move closely monitored.

Next comes the negotiation phase. The victim has proposed a clear plan: the attacker must return 98% of the stolen assets to a designated address within 48 hours. In exchange, a $1 million bounty will be offered—considered a reward for “discovery and disclosure of the vulnerability.” Of course, this proposal hinges on the attacker fully cooperating and acting promptly.

If the attacker agrees to the return, the case will be settled, and the victim promises not to pursue further action. But if they refuse? The case will escalate through legal channels and international law enforcement, with a clear goal—identify the attacker’s true identity and pursue criminal and civil liabilities.

This incident also reflects how the Web3 ecosystem is increasingly responding to large-scale thefts through on-chain tracking, law enforcement collaboration, and international cooperation, with the entire pursuit mechanism becoming more and more sophisticated.