US Government Wallets Receive $19 Million As Crypto Hacker Makes U-Turn

US Government Wallets Receive $19 Million As Crypto Hacker Makes U-Turn
фото показано с : zycrypto.com

2024-10-28 22:39

A crypto wallet controlled by the United States government has received $19.3 million in digital assets after a previous hack. On Oct 24, the wallet was reportedly drained of $20 million in assets and has now received the bulk of lost funds. Several crypto enthusiasts have flagged the transactions, stating that the hackers might be making a U-turn.

A Series of Mysteries Transfers

Blockchain analytics firm Arkham Intelligence wrote on X (formerly Twitter) that the US government-controlled wallet received $19.3 million of previously drained funds less than 24 hours after the initial incident. On-chain data shows that the returned funds consist of stablecoin USDC and Ethereum.

“The US Government’s address has just received $19.3M back following yesterday’s reported hack, less than 24 hours after the initial address breach. 88% of the compromised USD value has now been recovered.”

Subsequently, part of the assets began flowing to a new wallet. Later, total outflows hit $6.1 million, including an Aave version that accrues interest. More transfers in USDC followed as crypto enthusiasts flagged outflows. Most within the community say the transfers are akin to test flows, which take place before the main transactions. This played out in July when the German government used test transfers before marking huge sales.

The German government’s Bitcoin sale reduced sentiments in the market, bringing the price of the asset below $55k. The selling pressure led many retail investors out of the market, with bulls acquiring their positions. A cross-section of the community has likened present transfers to a larger outflow.

Hacker Stole $20 Million

On Oct 24, a hacker drained $20 million from the US-controlled wallet. Blockchain sleuth ZachXBT flagged the transactions that raised eyebrows. The funds seized by the U.S. government were part of assets drained from the infamous Bitfinex hack in 2016. About 120,000 BTC was lost as a result of the incident, and law enforcement made seizures afterward.

Arkham Intelligence wrote on the Oct 24 heist that the funds were being laundered after being moved to the new wallet. “The funds were moved to wallet 0x348 which has begun selling the funds to ETH. We believe the attacker has already begun laundering the proceeds through suspicious addresses linked to a money laundering service.”

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 19.117m EMD / 32m EMD

million assets wallet received government crypto drained

million assets → Результатов: 126


White-Label Cryptocurrency Exchange Startup received investment of $15M from Novogratz

Despite the current market correction, Novogratz remains overly positive towards the field in general. Investing in the Future of Cryptocurrencies Mike Novogratz, Founder and CEO of Galaxy Digital Capital Management, announced on Thursday that his asset management firm had invested $ 15 million in a startup which helps businesses build cryptocurrency exchanges and tokenize assets. Previously, Mike

2018-6-17 03:57