US Government Loses $20M to Infamous Crypto Hacker!

US Government Hack US Government Hack

Blockchain analytics firm Arkham Intelligence revealed that $20 million in cryptocurrency has been suspiciously moved from a US government-linked wallet, potentially indicating a compromise. In a post on X, Arkham wrote, “US Government linked address appears to have been compromised for $20M.”

US Government Crypto Wallet Hacked

The US government wallet still holds $14.23 billion in crypto assets. The affected wallet, identified as 0xc9E6…C34c, contained assets in USDC, USDT, aUSDC, and Ethereum (ETH), a part of which were stolen by hackers. Arkham noted that the address received “USG seized funds linked to the Bitfinex hackers from 9 separate USG seizure addresses, including 0xE2F699AB099e97Db1CF0b13993c31C7ee42FB2ac, an address named in the court documents relating to the Bitfinex seizure.”

Advertisement

The funds have reportedly been transferred to an attacker’s wallet, 0x348…A9f. Arkham stated that the attacker “has begun selling the funds to ETH” and believes that the proceeds are being laundered through “suspicious addresses linked to a money laundering service.”

The US government has not yet issued a public statement about the incident, and the full extent of the breach remains unclear. Investigations are likely ongoing to trace the laundered assets.

Overview of Stolen Assets

A few hours ago, the US government’s address witnessed a massive transfer of $13.70 million worth of AUSDC. In addition, the crypto hackers also shifted $5.45 million of USDC.

Moreover, $1.125 million in USDT was stolen. Whilst, the last transaction saw the movement of 177.892 ETH, valued at $446,920, to the suspected address. Currently, the funds are being laundered with the exact destination being uncertain.

Advertisement

Also Read: Is There a Connection Between the Indodax Hacker and the BingX Hacker?