Cointelegraph - A hacker breached a U.S.-controlled wallet, draining $20 million from funds seized in the 2016 Bitfinex hack, underscoring the need for heightened security in handling government-held digital assets

in blockchain •  5 months ago 

https://cointelegraph.com/news/us-government-crypto-hacked-arkham-intelligence
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A hacker compromised a wallet likely controlled by the U.S. government, draining $20 million in funds seized from the 2016 Bitfinex hack.

The attacker has started converting stablecoins into Ether (ETH) and laundering the funds through suspicious addresses.

This breach highlights the need for vigilance and improved security in managing high-value, government-controlled digital assets.

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