Key Takeaways
- Over $20 million in Ethereum and stablecoins have been stolen from a US government-controlled pockets.
- The theft is linked to the pockets concerned within the 2016 Bitfinex hack.
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The US authorities might have suffered a $20 million exploit that focused its crypto pockets on October 24, based on studies from Arkham and blockchain sleuth ZachXBT.
๐จ๐ฃ๐๐๐ง๐: ๐จ๐ฆ ๐๐ผ๐๐ฒ๐ฟ๐ป๐บ๐ฒ๐ป๐ ๐น๐ถ๐ป๐ธ๐ฒ๐ฑ ๐ฎ๐ฑ๐ฑ๐ฟ๐ฒ๐๐ ๐ฎ๐ฝ๐ฝ๐ฒ๐ฎ๐ฟ๐ ๐๐ผ ๐ต๐ฎ๐๐ฒ ๐ฏ๐ฒ๐ฒ๐ป ๐ฐ๐ผ๐บ๐ฝ๐ฟ๐ผ๐บ๐ถ๐๐ฒ๐ฑ ๐ณ๐ผ๐ฟ $๐ฎ๐ฌ๐ .
$20M in USDC, USDT, aUSDC and ETH has been suspiciously moved from a USG-linked handle 0xc9E6E51C7dA9FF1198fdC5b3369EfeDA9b19C34c toโฆ pic.twitter.com/UXn1atE1Wx
โ Arkham (@ArkhamIntel) October 24, 2024
The incident was first flagged earlier at the moment after a US government-linked handle, which had been dormant for eight months, made some suspicious transfers.
In response to knowledge tracked by Arkham, initially, $1.25 million in USDT and $5.5 million in USDC have been moved from the DeFi platform Aave. Subsequently, roughly $13.7 million in aUSDC and $446,000 in Ethereum have been transferred to a newly established pockets. These funds had beforehand been seized by US authorities throughout the investigation of the Bitfinex hack.
Additional actions included about $320,000 in Ethereum despatched to varied exchanges and $80,000 distributed to a number of smaller wallets. Investigations are ongoing to hint the laundered funds and assess the complete extent of the breach. The US authorities has but to launch an official assertion relating to this incident.
Arkham famous that the attacker had begun promoting these property for ETH and should have been laundering the proceeds by way of varied suspicious addresses. On the time of reporting, US authorities nonetheless maintain over $14 billion in whole.
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