Nearly $20 million in cryptocurrencies has been reportedly drained out of U.S. government-linked wallets holding funds seized from the Bitfinex cryptocurrency exchange hack.
What Happened: About $14 million in the Aave USDC (AUSDC) stablecoin, $5.4 million in USD Coin USDC/USD, $1.1 million in Tether USDT/USD, and nearly $450,000 in Ethereum ETH/USD were “suspiciously” transferred to an unknown wallet, according to on-chain analytics firm Arkham Intelligence.
After receiving the tokens, the wallet began selling them for ETH, raising concerns about potential money laundering.
“We believe the attacker has already begun laundering the proceeds through suspicious addresses linked to a money laundering service,” Arkham said.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
