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US Government Crypto Funds Stolen and Converted to ETH | Flash News Detail | Blockchain.News
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10/25/2024 2:38:09 AM

US Government Crypto Funds Stolen and Converted to ETH

US Government Crypto Funds Stolen and Converted to ETH

According to Ai 姨, a significant breach has occurred involving the US government-managed crypto funds seized from the Bitfinex hack. Approximately $20.71 million worth of USDC, USDT, aUSDC, and ETH were stolen from the government-controlled address. These funds were then transferred to a new address, 0x348...40A9f, where a portion of the stablecoins was converted into 2709 ETH, valued at $6.8 million. This incident highlights ongoing security vulnerabilities and the need for improved measures in managing seized digital assets.

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Ai 姨

@ai_9684xtpa

Ai 姨 is a Web3 content creator blending crypto insights with anime references