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US Government Wallet Allegedly Hacked, $20.7M In Digital Assets Stolen

In a concerning security breach, a wallet associated with the U.S. government was reportedly hacked, resulting in the theft of approximately $20.7 million worth of digital assets. The attack, which occurred about nine hours ago, targeted multiple stablecoins and Ethereum, leading to substantial financial losses. The stolen funds include: 13.7 million aUSDC 5.44 million USDC 1.12 million USDT 178 ETH, valued at $447,000 Following the hack, the attacker swiftly converted $USDC, $USDT, and 503,945 aUSDC (totaling around $7.06 million) into 2,764 ETH, averaging an exchange rate of $2,555 per ETH. Subsequently, 195.4 ETH—equivalent to $493,000—was transferred to ten deposit addresses on Binance. The hacker now retains control over 13.17 million aUSDC and 2,747 ETH (approximately $6.93 million) across three wallets. https://twitter.com/spotonchain/status/1849627503553544474?t=COLbvFwHp71-h9IxOjNwrA&s=19 In another related event, Cyver’s alert system flagged suspicious activity involving unverified lending contracts on Base. Hours prior, the […]

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