US Government Hacked For $20M In Cryptocurrencies Including Ethereum, Says On-Chain Intelligence Platform — Attacker Reportedly Laundering Funds
Portfolio Pulse from Aniket Verma
A hacker has reportedly stolen nearly $20 million in cryptocurrencies from U.S. government-linked wallets, including Aave USDC, USD Coin, Tether, and Ethereum. The funds are being laundered through suspicious addresses.
October 25, 2024 | 1:45 am
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NEGATIVE IMPACT
Ethereum was part of the stolen funds, with $450,000 worth transferred to an unknown wallet. The hacker is reportedly laundering the funds.
The theft and laundering of Ethereum could lead to increased scrutiny and regulatory pressure, potentially affecting its short-term price negatively.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
USD Coin was part of the stolen funds, with $5.4 million transferred to an unknown wallet. The hacker is reportedly laundering the funds.
The theft and laundering of USD Coin could lead to increased scrutiny and regulatory pressure, potentially affecting its short-term price negatively.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Tether was part of the stolen funds, with $1.1 million transferred to an unknown wallet. The hacker is reportedly laundering the funds.
The theft and laundering of Tether could lead to increased scrutiny and regulatory pressure, potentially affecting its short-term price negatively.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70