OVER $20M DRAINED FROM U.S. GOVERNMENT-CONTROLLED WALLET: REPORT

- Over $20 million was reportedly drained from a U.S. government-linked crypto wallet, initially tied to the Bitfinex hacker's seized funds.

- Arkham Intelligence and blockchain investigator ZachXBT confirmed the exploit on October 24, drawing attention to suspicious transfers from a dormant address.

Key Details:

- The wallet, which had been inactive for eight months, suddenly saw activity. $1.25 million in Tether (USDT) and $5.5 million in USD Coin (USDC) were withdrawn from the DeFi platform Aave.

- Following the initial withdrawals, around $13.7 million in aUSDC (an interest-bearing token) and $446,000 in Ethereum were moved to a newly created wallet.

Additional Movements:

1. Approximately $320,000 in Ethereum was sent to various exchanges.
2. $80,000 was distributed to smaller wallets.

Investigative Insights:

- Minutes before the transfers, Arkham Intelligence flagged withdrawals from Aave, marking the first activity on the walle…