The alleged hack involves USDC, USDT, aUSDC and ETH.
The hacker would have started laundering the profits through suspicious addresses.
A cryptocurrency wallet managed by the United States government was apparently hacked resulting in the transfer of approximately $20 million in digital assets.
Blockchain analytics firm Arkham Intelligence identified the move, which involved nearly $14 million in the Aave USDC stablecoin (aUSDC), $5.4 million in USD Coin (USDC), $1.1 million in USD Tether (USDT), and nearly half a million dollars in ether (ETH).
The funds, according to Arkham, were transferred to a wallet that began selling the assets for ether, suggesting a malicious operation. The suspect’s wallet now contains approximately $13 million in cryptocurrency, after having sent funds to other addresses that accumulated around $5.5 million and $1.4 million in ETH, respectively. These transactions are linked to suspicious addresses, indicating possible money laundering.
The US government owns more than $14 billion in different cryptocurrencies, making this hack in one of the most significant in terms of value. Despite the magnitude of the theft, the identity of the suspect and the method used to compromise government security remain unclear.
This incident joins a series of hacks that have affected the cryptocurrency ecosystem in 2024. Recently, the BingX exchange suffered a theft of $43 million, as reported by CriptoNoticias.
This year, more than $1.2 billion has been stolen in the cryptocurrency industry, as also reported by CriptoNoticias, highlighting the vulnerability of this sector to cyber attackers.
This article was created using artificial intelligence and edited by a human Editor.