In a remarkable turn of events, a hacker returned approximately $19.3 million that was drained from a U.S. government-controlled crypto wallet. Initially flagged as a potential theft linked to a high-profile incident involving the 2016 Bitfinex hack, blockchain sleuths, including ZachXBT, noted a series of suspicious transactions that echoed typical tactics used by cybercriminals. After draining the wallet, significant portions of the stolen assets, consisting of Ethereum and the stablecoin USDC, were reversed back early Friday. Although around $1.2 million remains unreturned, this incident raises questions about the security of digital assets. The wallet had seen substantial activity involving decentralized finance protocols and exchanges, emphasizing the need for improved regulatory measures in cryptocurrency operations.

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