Oct 26, 11:35 PM

Hackers Drain $20.7M from U.S. Government Crypto Wallets, Return $19.3M; $1.4M Remains Unreturned

In a remarkable incident involving U.S. government crypto wallets, hackers drained $20.7 million in assets, including Ethereum (ETH), USD Coin (USDC), and Tether (USDT). Within 24 hours, the hackers returned $19.3 million, representing approximately 93% of the stolen funds. The swift recovery has raised questions about the security of government-held cryptocurrencies, with only $1.4 million remaining unreturned, primarily in aUSDC. The incident highlights vulnerabilities in crypto asset management and the potential for rapid asset recovery in cases of theft.

#Ethereum #USD Coin #USDC #Tether #USD

Written with ChatGPT (GPT-4o mini).