ZachXBT recovers majority of $177K stolen NFT proceeds after 9-month probe

Blockchain investigator ZachXBT revealed that after a “lengthy process,” he has retrieved the majority of the proceeds from a stolen DeGods NFT sold in May 2023.

Pseudonymous on-chain researcher ZachXBT has recovered most of the funds from the sale of a rare DeGods nonfungible token (NFT), which was stolen in May 2023 after the original NFT holder fell victim to a phishing scam.

In a Feb. 24 X post, ZachXBT informed his 505,200 followers of the results of his nine-month investigation into the DeGods #3251 NFT theft, revealing that most of the funds have now been returned to the victim.

The NFT was sold in May 2023 for 99 Ether (ETH), which was worth approximately $177,000 at the time.

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Source: https://cointelegraph.com/news/zach-xbt-degods-nft-stolen-proceeds