US government crypto wallets hacked for $20M — Arkham Intelligence
According to onchain analytics firm Arkham Intelligence, the malicious address currently holds approximately $13 million in assets.
On Oct. 24, a hacker compromised a wallet likely controlled by the United States government. The wallet, which included funds seized from the 2016 Bitfinex hack, was drained of $20 million.
According to Arkham Intelligence, the attacker sent the funds to a wallet beginning with “0x348,” which included US Dollar Coin (USDC), Tether (USDT), aUSDC, and Ether (ETH).
The onchain analytics firm also believes the hacker has started converting the stablecoins into ETH and laundering the funds through addresses likely associated with a money laundering service.
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Author: Vince Quill
