There was an interesting development today and the USA crypto- their wallets moved. Activity in government wallets is already critical as it triggers major market events, but this time the situation is different. So, what are the details of the latest development? Were US government crypto wallets compromised?
US Crypto Assets
Coinbase Prime had made an agreement with the US Department of Justice. Accordingly, government officials would sell and store their cryptocurrencies through Prime. However, the $20 million transfer that took place a few hours ago today went to suspicious addresses.
Seized from Bitfinex attackers Bitcoin 
$66,872We had informed you days ago that the funds would be returned to the stock exchange and that the only creditor would be the stock exchange. This news caused Bitfinex loss compensation token LEO to jump from $6 to $13 on October 9. Because the token would be collected back with the return of BTCs.
Is Crypto Vault Being Emptyed?
Coming to the main issue, it is claimed that today’s transfers were made by attackers. arkham And ZachXBT made this claim. So why? Some of the funds went to an offshore exchange that is also widely used by cyber attackers. At the same time, transfers were made to the Binance exchange. According to the Coinbase Prime agreement, the USA should not make either of these transactions.
Minutes before the transfers took place, blockchain analysis firm Arkham Intelligence announced that US government money had been withdrawn from the AAVE platform. ZachXBT wrote on Twitter that these activities were “suspicious” and likely a hack.
“In summary, there is theft of USG-related money going to instant exchanges such as N exchange, Switchain and Binance.
0x3486ee700ccaf3e2f9c5ec9730a2e916a4740a9f
0xbf6f7c503e858aded4e18ce2bcf93846fd726c15
0x15d0a31ed5050ed8decd3c101aaee0b2ad2e6441”
Afterwards Binance He wrote that what was seen as a transaction actually belonged to another exchange that used the Binance exchange as liquidity. There are two results here. Either the US government’s wallet has been emptied or they are being returned to the addresses provided by the Bitfinex exchange in accordance with the court order. However, in the second option, the use of dubious exchanges again supports the view that the possibility of hacking is stronger.
We may see the Ministry of Justice publish an announcement on this issue in the coming hours. If wallets were really hacked, this would be an extremely interesting event.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
