A U.S. government-controlled crypto wallet drained of $20 million received most of its funds back shortly thereafter, leading to speculation about a possible theft. On-chain analyst ZachXBT noted that the transactions resembled techniques used by malicious actors. The wallet had transferred $19.3 million worth of Ethereum and USDC back to its original address after initially being flagged for suspicious activity. The funds were moved to various exchanges, raising concerns about the possibility of laundering through services like Binance. The original funds were linked to a previous seizure related to the 2016 Bitfinex hack. As of now, about $1.2 million remains unreturned, prompting ongoing investigation efforts into the transactions and the actors behind them.

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