According to recent reports, a wallet containing funds seized by the U.S. government recently transferred over $20 million in stablecoins and ETH in activity that some analysts suspect was a hack. The funds were reportedly transferred to a five-day-old address and then moved to various so-called instant exchanges. The government-controlled wallet was reportedly almost entirely emptied in the incident. In a separate incident, approximately $1 million in cryptocurrency was recently stolen in a hack that exploited vulnerabilities in certain lending smart contracts on the Base blockchain.
For more information, please refer to the following links:
- US Government Crypto Wallet Drained of $20 Million in Suspicious Transfers
- Base blockchain exploit leads to $1M theft — [] Alerts
Contributing author: John Robertson
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
