November 15, 2024

Rise To Thrive

Investing guide, latest news & videos!

Crypto on-chain crime drama sees the good guys finally win

1 min read
Crypto on-chain crime drama sees the good guys finally win

The stories about people getting their private keys hacked or stolen are nothing new, with a number

While what Harpie did was all about timely intervention and required access to the user’s wallet, there have been several instances where the crypto community has come together to retrieve stolen funds and nonfungible tokens as well. As Cointelegraph reported in May, the Solana community came together to “scam” a scammer in order to get back some stolen NFTs.

With blockchain and distributed ledger technology powering a majority of the cryptocurrencies, the tracking of any form of stolen funds becomes easier. On the other hand, stealing funds is only the first step for exploiters and it might take them years to move a small portion of funds, and there have been instances where they were caught even then.