US Governments Wallet Hacked 20 Million Worth of Cryptocurrency at Risk for 200000 BTC

Coin World reported:
Source of the article: Official account of Pepe Soha


Arkham stated in a post this morning that a government-controlled wallet in the United States appears to have been hacked, transferring $20 million worth of USDC, USDT, aUSDC, and ETH to a suspicious address…
As we know, the government with the largest Bitcoin holdings at the moment is the United States. From November 2020 to 2022, it confiscated over 200,000 Bitcoins from cybercriminals and darknet markets. Currently, these Bitcoins are mainly stored in wallets controlled by the Department of Justice, the Internal Revenue Service, or other agencies in the United States.
However, the security protection of these huge funds appears to have a loophole this morning (25th). According to the data analysis platform Arkham’s post at 03:43, a government-controlled wallet (0xc9E6…) in the United States appears to have been hacked, transferring $20 million worth of USDC, USDT, aUSDC, and ETH to a suspicious address (0x3486…).
Arkham believes:
The funds have been transferred to the wallet 0x348, which has started selling the funds for ETH. We believe that the attacker has started laundering the funds through suspicious addresses related to money laundering services.


According to on-chain data, the wallet suspected to belong to the attacker quickly made another transfer after receiving over $20 million in assets. Currently, most of the assets are stored in over 13 million USDC in Aave.


Is the government’s fortune in trouble?
As of the deadline, the US government has not responded to this matter, but it has sparked heated discussions in the community. After all, the confiscated cryptocurrency assets by the US government are not a small amount, and if there is indeed a security vulnerability, the impact cannot be underestimated.
On the other hand, the community is also surprised by the audacity of the hacker, as they openly challenge the most influential regime on the planet. If it is indeed an attack, the US government is expected to deploy all its resources to pursue and apprehend the attacker.