Blockchain Investigator ZachXBT Retrieves Most of $177K Stolen DeGods NFT Funds
Pseudonymous blockchain investigator ZachXBT has successfully recovered the majority of funds from the sale of a rare DeGods non-fungible token (NFT).
The NFT was stolen in May 2023 after the original owner fell victim to a phishing scam.
In a recent post on X , ZachXBT, known for his extensive investigations in the crypto space, revealed the outcome of his nine-month probe into the DeGods #3251 NFT theft.
The stolen NFT, which was sold in May 2023 for 99 Ether, equivalent to approximately $177,000 at the time, has now been returned to its rightful owner.
“I am pleased to share that I was able to help recover a decent chunk of the stolen funds which have now been returned back to the victim,” he announced.
ZachXBT’s investigations can span various durations depending on the complexity of the case.
He often employs visual aids, such as diagrams, to elucidate the mechanics of phishing scams and trace the movement of funds, even when they have been laundered through crypto mixers.
“While recovery can be a lengthy process, it does happen, and I am always happy to share these success stories,” ZachXBT stated.
However, the renowned blockchain investigator also shared his intention to conclude his pro bono work in the field of blockchain investigations soon.
This decision comes in response to frustration expressed by some users on X who expected him to help recover their stolen cryptocurrencies as well.
Despite reiterating that his services are provided free of charge, ZachXBT decided to halt his public goods work due to the mounting criticism .
“This is exactly why I am stopping all public goods work soon,” he declared.
ZachXBT has been a prominent figure in the crypto industry, lending his expertise
