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

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, which was worth approximately $177,000 at the time.

“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.”

ZachXBT received a message from the victim in May 2023, shortly after the victim realized his wallet had been drained, asking for ZachXBT’s help in recovering his digital art.