A U.S. government-controlled crypto wallet that had lost $20 million in an apparent theft received back $19.3 million early Friday, raising questions about the nature of the transactions. The returns, primarily in Ethereum and USDC, came after blockchain analyst ZachXBT identified suspicious transfers indicating a bad actor's involvement. The wallet had been compromised on Thursday, with funds quickly shuffled through decentralized finance protocols and exchanges, leading to their initial loss. While most funds were returned, around $1.2 million remained unaccounted for at the time of reporting. Notably, this incident involved funds previously seized from the 2016 Bitfinex hack, which the government had held for two years. Experts have noted the potential links to unsanctioned exchanges, leading to ongoing concerns about the security of such platforms within the crypto ecosystem.

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