The individual behind an evident scheme of “location tainting” might be experiencing doubts after filching $71 million Bitcoin Enveloped.
The Ethereum operator who inadvertently forwarded $71 million worth of Enveloped Bitcoin to an incorrect location last week—following an apparent incident of “location tainting” scam—might be on the verge of retrieving their funds. Or, at least, a portion of it.
$71 Million Bitcoin Thief Transfers Ethereum to Target
On the 3rd of May, location 0x1E227 transmitted 1,155 Enveloped Bitcoin (WBTC)—equating to approximately $71 million—to the crypto location of a fraudster, deceived into believing the recipient’s location was one of their own. The individual has been engaging in dialogue with the perpetrator via the blockchain since then, and was reimbursed partially with 52 ETH ($156,000) early on Thursday.
“Kindly provide your Telegram details, and I shall initiate contact,” communicated the fraudster within the blockchain transaction on Thursday.
Initially, the assailant seized the assets through a well-known tactic known as “location tainting” or “wallet defilement.” This method involves a fraudster dispatching a zero-valued transaction to a target’s wallet from a crypto location deliberately chosen to resemble one with which the victim frequently corresponds.