Hacker returns $19 million stolen from the US Government
A hacker who allegedly stole approximately $20 million in crypto assets from the United States government returned approximately $19 million to a compromised government address.
The transaction included the return of 2,408 ETH and 13.19 million aUSDC, according to information from blockchain researcher ZachXBT. The return, however, did not take into account possible amounts transferred to cryptocurrency exchanges such as Switchain or HitBTC.
The theft happened when a digital wallet, supposedly controlled by American authorities, was hacked last Thursday. This wallet stored cryptocurrency funds previously seized in operations involving the notorious Bitfinex hack, one of the largest cases of cryptocurrency exchange security breaches.
According to analysis company Arkham Intelligence, the hacker was able to access and transfer a variety of cryptoassets, including stablecoins such as USDC, USDT and USDC, in addition to Ethereum (ETH).
After breaking into the government wallet, the hacker transferred the cryptocurrencies to a new wallet. It then began a money laundering process, carrying out suspicious transactions and moving funds on decentralized lending platforms such as Aave.
Investigators noted that these transactions were intended to make it difficult to track assets by spreading funds across different wallets before moving them to exchanges.
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Hacker returns cryptocurrencies
The hacker's decision to return most of the stolen amount surprised analysts and authorities, who are still studying the motivations behind this act of partial restitution.
One possible theory suggests that the pressure of investigations and increased surveillance on cryptocurrency addresses linked to illicit activities may have motivated the hacker to return the amount, trying to avoid future legal complications.
This case reinforces the challenges faced by authorities in maintaining the security and integrity of confiscated digital assets. Although the government recovered much of the funds, the incident highlights vulnerabilities in the protection of cryptocurrencies held in official digital wallets.
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