U.S. Gov Loses $20M in Crypto Hack, 88% Recovered

• A US government-linked wallet was compromised for $20M in crypto, but $19.3M was quickly recovered within 24 hours of the breach.
• The compromised wallet was linked to Bitfinex hacker-seized funds, raising concerns about the security of government crypto assets.
• Blockchain investigators are actively tracking the stolen funds as the hacker attempts to launder proceeds through suspicious addresses.

Blockchain analytics firm Arkham Intelligence has revealed a major security breach involving a cryptocurrency wallet associated with the U.S. government.

Thieves stole over $20 million in digital assets, including USDC, aUSDC, USDT, and ETH, transferring them to a suspected hacker’s address. Within hours, authorities recovered approximately $19.3 million, representing 88% of the stolen funds. Arkham also noted a significant movement of $13.2 million in aUSDC, suggesting potential enforcement or liquidation activities related to previous asset seizures.

The post U.S. Gov Loses $20M in Crypto Hack, 88% Recovered appeared first on Coin Edition.