US Government Loses $20 Million in Cryptocurrency Theft

Reported about 1 month ago

Hackers have reportedly stolen $20 million in cryptocurrency from U.S. government wallets, including assets in USD Coin, Tether, aUSDC, and Ethereum. Arkham Intelligence suggests that the attackers have begun laundering the stolen funds through suspicious addresses. The U.S. government is a significant holder of cryptocurrency, primarily from law enforcement seizures. While past confiscations, such as from the Silk Road case, have made headlines, plans announced by former President Trump to retain U.S. government-held bitcoin may face challenges due to recent legal rulings.

Source: YAHOO

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