TechFlow reports on October 25 that, according to Arkham monitoring, a cryptocurrency wallet associated with the U.S. government was hacked, resulting in the theft of approximately $20 million in assets. The stolen funds originated from portions of the assets seized by the U.S. government during the 2016 Bitfinex exchange hack.
The attacker transferred the stolen funds to a wallet address beginning with "0x348". The stolen assets include multiple cryptocurrencies such as USDC, USDT, aUSDC, and ETH. Arkham reported that the hacker has begun converting stablecoins into Ethereum and is laundering the funds through addresses suspected to be linked to money laundering services.
Specifically, the compromised U.S. government address is 0xc9E6E51C7dA9FF1198fdC5b3369EfeDA9b19C34c, which had previously received funds related to the Bitfinex hacker from nine different government seizure addresses. This includes the address 0xE2F699AB099e97Db1CF0b13993c31C7ee42FB2ac, which was named in court documents related to the Bitfinex case.
Previous report: A U.S. government address withdrew stablecoins worth $6.57 million from Aave, which were subsequently exchanged for 2,135 ETH.
