COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Hacker Steals $20 Million from US Government Wallet and Most Funds Recovered
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Cryptocurrency Security > Hacker Steals $20 Million from US Government Wallet and Most Funds Recovered
Cryptocurrency Security

Hacker Steals $20 Million from US Government Wallet and Most Funds Recovered

In Brief

  • A hacker stole $20 million from a US government wallet.

  • Most of the funds were recovered shortly after the theft.

  • Concerns regarding digital asset security protocols have been raised.

İlayda Peker
İlayda Peker 7 months ago
Share
SHARE

On Thursday, a hacker pulled approximately $20 million from a wallet owned by the US government. However, most of these funds were recovered by Friday. This incident has been highlighted on Twitter as one of the largest thefts of the year.

Contents
Suspicious Transfers and RefundsConcerns from Arkham Intelligence

Suspicious Transfers and Refunds

Famous blockchain detective ZachXBT uncovered this suspicious activity. He noted that the wallet interacted with various DeFi protocols and exchanges through a series of “malicious” transfers.

ZachXBT stated, “The hacker stole approximately $20 million in crypto assets, and today nearly $19 million has returned.”

According to ZachXBT, the hacker transferred 2,408 ETH and $13.19 million in aUSDC to the US government wallet. However, exchanges like Switchain and HitBTC have yet to return the transferred funds.

Arkham Intelligence reported, “On Friday, $19.3 million was returned to the government wallet.”

Concerns from Arkham Intelligence

Arkham Intelligence expressed concerns over previous activities involving the US government’s crypto wallets. Notably, the seized assets were transferred to various addresses like Aave, Curve Finance, and Yearn Finance.

Lastly, analyst Ergo BTC pointed out inconsistencies and potential security vulnerabilities in the Bitfinex seizure documents. This raises questions about the reliability of managing the seized assets.

This incident highlights the need for the government to reassess its digital asset security measures. Implementing more robust security protocols for the protection of crypto assets has become crucial.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Meta Takes Action to Combat Rising Fraud on Social Media Platforms

The Shocking Story of How an X Account Hack Sent Bitcoin Prices Soaring

Protect Your Cryptocurrency: Strengthen Your Online Security with CZ’s Tips!

Lido Swiftly Secures Its Network After Critical Oracle Breach

Crypto Market Faces Severe Security Breaches in April

İlayda Peker 25 October, 2024 - 8:11 pm 25 October, 2024 - 8:11 pm
Share This Article
Facebook Twitter
Share
İlayda Peker
By İlayda Peker
Follow:
Uluslararası İlişkiler ve Siyaset Bilimi Mezunu, Kitap sever.
Previous Article Billy Markus Defends Elon Musk Against Media Negativity
Next Article Skyrocketing Gains Await: 4 Altcoins Poised for 5000x Returns in December
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Shiba Inu Bounces Back Strongly with Institutional Support
Shiba (SHIB)
Cryptocurrency Markets Soar as Bitcoin Reaches New Heights
Altcoin News
Binance Introduces USD1 to Bridge Finance and Blockchain
Binance
Coinbase Data Breach Shocks with Far-Reaching Consequences
Coinbase
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?