

Blockchain Analytics Firm Arkham Intelligence Reveals Major Security Breach Involving U.S. Government-Associated Cryptocurrency Wallet
Thieves stole over $20 million in digital assets, including USDC, aUSDC, USDT, and ETH, transferring them to a suspected hacker's address.
Blockchain analytics firm Arkham Intelligence has revealed a major security breach involving a cryptocurrency wallet associated with the U.S. government. Thieves pilfered over $20 million in digital assets, including USDC, aUSDC, USDT, and ETH, transferring them to a suspected hacker’s address. Within hours, authorities managed to recover approximately $19.3 million, which constitutes 88% of the stolen funds.
Arham also noted a significant movement of $13.2 million in aUSDC, which could be related to enforcement or liquidation activities linked to previous asset seizures.
The compromised wallet, which initially held government-seized assets from the Bitfinex hack, saw these assets move across nine separate government addresses before finally reaching the compromised address. According to Arkham, the hacked wallet first sent $13.7 million worth of aUSDC to a suspicious address, followed by another transfer of $5.45 million in USDC. In addition, $1.125 million in USDT moved, along with 177.892 ETH valued at approximately $446,920.
The hacker’s wallet, identified as 0x348, has begun converting the stolen funds into Ethereum. Reports indicate the funds are moving through various channels for laundering, with their ultimate destination remaining shrouded in mystery. Blockchain investigators are diligently monitoring these movements for any signs of liquidation or money laundering activities.
The breach has caused temporary volatility in stablecoin prices. USDC saw a slight dip to $0.9998, while Tether (USDT) briefly dropped to $0.9992. However, both stablecoins have since stabilized, showing marginal changes in trading volume. On the other hand, the price of Ethereum rose by 0.38%, reaching $2,529.84. The market reacted cautiously, with traders closely observing the ongoing investigation and recovery process.
Authorities are actively working to trace and recover the remaining stolen funds. Together with blockchain experts, they are identifying the hacker’s network and potential laundering channels. Furthermore, officials have alerted cryptocurrency exchanges to monitor suspicious transactions and prevent further fund outflows. The quick response resulted in the retrieval of $19.3 million within 24 hours, highlighting the agility of blockchain analytics in addressing crypto-related crimes.
As the dust settles, law enforcement and blockchain security firms are bolstering security measures to prevent similar breaches. This incident has prompted a reevaluation of wallet security protocols, especially for high-value government-linked addresses. Moreover, blockchain companies are ramping up efforts to enhance digital asset protection and mitigate the risks associated with such attacks.
The above is the detailed content of Blockchain Analytics Firm Arkham Intelligence Reveals Major Security Breach Involving U.S. Government-Associated Cryptocurrency Wallet. For more information, please follow other related articles on the PHP Chinese website!

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Article

Hot Tools

Notepad++7.3.1
Easy-to-use and free code editor

SublimeText3 Chinese version
Chinese version, very easy to use

Zend Studio 13.0.1
Powerful PHP integrated development environment

Dreamweaver CS6
Visual web development tools

SublimeText3 Mac version
God-level code editing software (SublimeText3)

Hot Topics











It looks like crypto hackers have become very active this month. We have already seen a few Crypto hacks in the previous weeks of this money.

Prominent finance lawyer Scott Johnsson has claimed that the U.S. government is actively selling its Bitcoin holdings, a move that could have significant implications for the cryptocurrency market.

According to Arkham Intelligence, a wallet believed to be controlled by the U.S. government transferred 300 Ether (ETH), valued at approximately $699,000

Thieves stole over $20 million in digital assets, including USDC, aUSDC, USDT, and ETH, transferring them to a suspected hacker's address.

Penpie, a protocol built on Pendle, was hacked on Sept 3rd and drained of $27 million in different cryptocurrencies including Ether (ETH) and stablecoins

This week has seen major cyber events targeting Metawin, a cryptocurrency gambling application and American rapper Wiz Khalifa's Twitter account.

The U.S. government moved $2 billion worth of Bitcoin on July 29, just two days after former President Donald Trump pledged to create a national Bitcoin

The U.S. Supreme Court has put an end to the legal battle over 69,370 Bitcoin that were seized from the Silk Road dark web marketplace.