Essential Insights
- $19 million in cryptocurrencies like ETH and aUSDC was redirected back to a US government address.
- The transfer excluded any assets sent to cryptocurrency exchanges.
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A hacker who reportedly stole nearly $20 million in cryptocurrency from the US government has restored approximately $19 million to the compromised government account, as stated by blockchain investigator ZachXBT.
The return transaction, completed earlier today, involved sending back 2,408 ETH and 13.19 million aUSDC to the government’s digital wallet, with no acknowledgment of any funds that might have been diverted to cryptocurrency exchanges such as Switchain or HitBTC.
On Thursday, a wallet associated with US authorities was exploited, leading to the theft of around $20 million in cryptocurrency assets. This wallet was linked to assets previously confiscated from the notorious Bitfinex hack.
According to reports from the blockchain analytics company Arkham Intelligence, the stolen assets comprised various stablecoins like aUSDC, USDT, and USDC, along with Ethereum (ETH).
The hacker allegedly shifted the stolen funds to a new wallet and began laundering the proceeds through dubious transactions. Blockchain analysts observed that the assets were transferred from decentralized lending platforms such as Aave before being sent to the hacker’s wallet.
This story is still unfolding.
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