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.