menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptocurrency News

>

US Gov’t L...
source image

Bitcoinist

3w

read

328

img
dot

Image Credit: Bitcoinist

US Gov’t Loses $20 Million As Crypto Wallets Fall Victim To Major Hack

  • A crypto wallet owned by the US government has been hacked, resulting in a loss of $20 million worth of digital assets.
  • Arkham Intelligence tracked the movement of funds from the government-controlled wallet, which had been inactive for eight months, to another address linked to DEX traders and a MetaMask swapper.
  • The funds were eventually transferred to Binance, raising concerns about the security measures in place for government-controlled cryptocurrencies.
  • The incident is being investigated by US authorities, who are trying to determine the extent of the hack and track down the attackers.

Read Full Article

like

19 Likes

For uninterrupted reading, download the app