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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.

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