Match Systems Retrieves US$68 Million in Cryptex Crypto Assets

Match Systems has recently recovered US$68 Million from stolen Cryptex crypto assets as Crypto Whales has lost 1,155.28 WBTC in a dust attack. Match Systems retrieves US$68 Million the value of 1,155.28 WBTC which is more than US$68 million.

Regarding the theft of crypto assets, Match Systems retrieves US$68 Million rescuing a crypto whale that lost 1,155.28 WBTC which is worth more than US$68 million resulting from a dust attack.

The stolen crypto assets were transacted to an anonymous address 0xd9A1C3788D81257612E2581A6ea0aDa244853a91 and then finally sent to a different address xfB5bcA56A3824E58A2c77217fb667AE67000b7A6 for distribution. Match Systems helped the victim recover the stolen assets in less than a week.

To seek help for recovery of the crypto tokens, the victim immediately contacted Match Systems and due to their immediate action, it was recovered soon.

The case in which Match Systems retrieves US$68 Million is a prime example of why it’s important to get professional help as soon as possible after crypto assets theft because it significantly increases your chances of recovering the stolen funds. The victim acted fast and recovered the stolen crypto assets.

An address poisoning (or dust) attack is when an attacker tricks victims into moving their assets into a fake address that looks like their own.  The attacker creates a ‘vanity address’ with a unique set of characters that look like their target and spam their wallet addresses with payments.

The victim tried to find out the scammer after the attack by offering a 10% bounty with the hope of getting back the funds.

Match Systems stated, “This incident perfectly demonstrates that promptly contacting specialists in case of theft of crypto assets significantly increases the chances of the crypto fraud victim to get them back.”

It is to be noted that as blockchain addresses and balances are publicly available on block explorers, sending fake transactions to these addresses is relatively easy for scammers.

The investigators of Match Systems effectively tracked the illegal transfer of Cryptex crypto assets and finally found the perpetrators involved in it.

Match Systems reports that the more recent the victims of incidents such as address poisoning alert specialists are, the more likely they are to recover their stolen funds.

According to the company, 70% of victims are likely to recover assets if they report an incident within an hour; 60% of cases are likely to be recovered if reported within 4 hours; and 50% of cases are expected to be recovered within 24 hours.

However, Match Systems retrieves $68 Million but did not reveal how they were able to recover the funds from the attackers and the information about the scammer.

Match Systems provides Anti-Money Laundering (AML) services, blockchain inquiries, and compliance processes for cryptocurrency projects around the world. Match Systems’ financial crime detection expertise helps organizations navigate regulatory issues and mitigate risks related to digital currencies.