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Analyst: The 50 million USDT phisher is unlikely to repay, as the funds have been converted to ETH and washed through Tornado

Dec 21, 2025 12:22:44

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According to on-chain analyst Yu Jin's monitoring, a whale/institution that lost 50 million USDT to phishing has sent a message to the phisher, stating that they are willing to offer 1 million dollars as a white hat bounty if the 50 million USDT taken can be returned.

As of now, the phisher has not responded, but it is highly unlikely that they will return the money, as it has long been converted to ETH and washed away through Tornado.

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