US government wallet addresses compromised for $20M
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The US Government wallet known as Bitfinex Hack was compromised, moving $20M to a new wallet that immediately started to swap and launder the assets. The transactions originate from the Bitfinex Hack Wallet, held in custody since 2022. Crypto wallets belonging to the US Government were compromised for $20M. Initially, the Bitfinex Hack wallet received funds from Aave. Then, up to 20M were moved to a new address, which had links to DEX traders and was funded suspiciously by a MetaMask swapper. It turns out the activity was indeed an exploit, swapping and mixing the funds into suspicious addresses linked to money laundering. Arkham Intelligence tracked the token movements and concluded the case was indeed an exploit. 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 address 0xc9E6E51C7dA9FF1198fdC5b3369EfeDA9b19C34c toโฆ pic.twitter.com/UXn1atE1Wx โ Arkham (@ArkhamIntel) October 24, 2024 The US Government wallet was first active with consecutive withdrawals from Aave lending pools, returning ETH and stablecoins to the Bitfinex Hack wallet. Until now, the US Government has not announced involvement with Aave lending vaults, causing surprised reactions on social media. The addresses for ETH, USDT, USDC, and AUSDC moved to a single known wallet, which now holds around $6.5M. The wallet has been dusted and has received several risky token transactions. The entire value of the swapped assets reached $20M.ย The US Government has not moved any of its BTC, which was previously earmarked for selling. The most recent transactions are a small fraction of the wallet, but are raising questions on the exact intentions that led to the transactions. Recipient wallet starts to move funds to Binance About an hour after transferring $20M in ETH and stablecoins to a new address, the funds startedโฆ
Filed under: News - @ October 24, 2024 8:18 pm