Key Takeaways
- Over $20 million in Ethereum and stablecoins were stolen from a US government-controlled wallet.
- The theft is connected to the wallet involved in the 2016 Bitfinex hack.
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The US government may have suffered a $20 million exploit that targeted its crypto wallet on October 24, according to reports from Arkham and blockchain sleuth ZachXBT.
𝗨𝗣𝗗𝗔𝗧𝗘: 𝗨𝗦 𝗚𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁 𝗹𝗶𝗻𝗸𝗲𝗱 𝗮𝗱𝗱𝗿𝗲𝘀𝘀 𝗮𝗽𝗽𝗲𝗮𝗿𝘀 𝘁𝗼 𝗵𝗮𝘃𝗲 𝗯𝗲𝗲𝗻 𝗰𝗼𝗺𝗽𝗿𝗼𝗺𝗶𝘀𝗲𝗱 𝗳𝗼𝗿 $𝟮𝟬𝗠.
$20M in USDC, USDT, aUSDC and ETH has been suspiciously moved from a USG-linked address 0xc9E6E51C7dA9FF1198fdC5b3369EfeDA9b19C34c to… pic.twitter.com/UXn1atE1Wx
— Arkham (@ArkhamIntel) October 24, 2024
The incident was first flagged earlier today after a US government-linked address, which had been dormant for eight months, made some suspicious transfers.
According to data tracked by Arkham, initially, $1.25 million in USDT and $5.5 million in USDC were moved from the DeFi platform Aave. Subsequently, approximately $13.7 million in aUSDC and $446,000 in Ethereum were transferred to a newly established wallet. These funds had previously been seized by US authorities during the investigation of the Bitfinex hack.
Further movements included about $320,000 in Ethereum sent to various exchanges and $80,000 distributed to several smaller wallets….
Click Here to Read the Full Original Article at Markets Archives – Crypto Briefing…
