US Government's Crypto Wallet: Seized Bitfinex Funds Hacked by Unknown Actor

Friday, 25 October 2024, 05:00

US government crypto wallet hacking incident has raised alarms in the cryptocurrency arena. Reports indicate that funds seized from the 2016 Bitfinex hack have been compromised, resulting in a loss of approximately $20 million.
Gadgets360
US Government's Crypto Wallet: Seized Bitfinex Funds Hacked by Unknown Actor

The Alarming Incident of Hacked US Government Crypto Wallet

The US government crypto wallet, which holds seized funds from the Bitfinex hack, has reportedly been compromised by a hacker. According to Arkham Intelligence, about $20 million has been taken from this wallet.

Details of the Hack

Tracking data show that the stolen assets include significant amounts of aUSDC, USDT, and Ethereum. The funds were transferred to a newly activated wallet, suggesting premeditated planning. Reports claim the hacker executed four transactions, with the largest being a $13.7 million aUSDC transfer.

Community Reaction

Members of the crypto community, including notable commentators, are closely monitoring the transactions of these stolen funds. The rapid movement across platforms has raised concerns, especially as the US authorities have issued warnings about rising malpractice in the cryptocurrency sector.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Subscribe to our newsletter for the most current and reliable cryptocurrency updates. Stay informed and enhance your crypto knowledge effortlessly.

Subscribe