In a landmark recovery case, cybersecurity and digital asset recovery firm PriestHack has successfully retrieved over $85,000 worth of Ethereum (ETH) for a Nigerian-based e-commerce startup that fell victim to a sophisticated phishing scam.
Incident Overview
The victim, Jason A., co-founder of a mid-sized online retail business, reported the unauthorized transfer of Ethereum from the company’s digital wallet in early April. The breach was traced back to a deceptive phishing email posing as a wallet security update, which resulted in full compromise of private keys.
Upon discovering the theft, Jason contacted his exchange and local authorities, both of which confirmed the transaction was irreversible through traditional channels. He was then referred to PriestHack, a firm known for specializing in blockchain asset recovery and digital forensics.
The Recovery Process
PriestHack’s response team initiated a blockchain investigation within hours of receiving the report. Utilizing advanced on-chain analysis tools and proprietary tracing techniques, the team identified the movement of funds through a series of obfuscation wallets and ultimately to a known crypto mixing service.
A breakthrough occurred when the stolen assets were partially routed through a KYC-compliant exchange account, giving PriestHack the legal basis to initiate a claim. Working in collaboration with blockchain legal advisors and the exchange’s fraud unit, the firm successfully froze the assets and coordinated their return.
The full amount was restored to the client’s wallet within 14 business days.
Client Response
“We were fully prepared to write off the loss as unrecoverable,” said Jason A. “PriestHack’s professionalism, speed, and deep technical expertise turned what felt like a hopeless situation into a full recovery. We are truly grateful.”
PriestHack’s Statement
“This case exemplifies how even the most complex crypto-related frauds can be reversed with the right expertise and tools,” said a spokesperson for PriestHack. “We remain committed to helping victims of cybercrime reclaim control of their digital assets and rebuild trust in blockchain systems.”
About PriestHack
PriestHack is a leading cybersecurity and blockchain recovery firm, providing digital asset investigation, wallet recovery, and forensic tracing services to individuals and businesses worldwide. The firm combines ethical hacking, legal compliance, and cutting-edge blockchain intelligence to recover stolen or inaccessible digital assets.
If you or your business has experienced crypto-related theft or loss, contact PriestHack at www.priesthacks.com to initiate a confidential case review.