A U.S. government crypto wallet, linked to the Bitfinex exchange hack, was drained of over $20 million in stablecoins in what analysts suspect is a theft. The wallet, which had remained inactive for eight months, transferred funds to a newly created wallet address just days old. This activity included withdrawals from the lending protocol Aave, triggering concerns from blockchain analysts due to the nature and timing of the transactions. The funds, previously seized due to a massive 2016 hack by a married couple, saw their transaction patterns become suspicious, particularly with movements towards Bitcoin exchanges and other wallets. Analysts highlighted how these actions may indicate attempts to launder the stolen assets, especially since significant amounts were immediately transferred to exchanges linked with Binance. As of the latest updates, the original wallet is nearly empty, with only a small amount of a meme coin remaining.

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