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The U.S. government has withdrawn $5.4 million from the decentralized finance platform AAVE after an eight-month period of inactivity. This withdrawal is linked to funds associated with the Bitfinex hacker's stash, which had been earning interest during its time locked in AAVE. The sudden movement of these funds has raised concerns among cryptocurrency investors about a potential selloff, particularly among Bitcoin and AAVE supporters. Additionally, there are indications that the government address involved may have experienced a private key compromise, as it engaged in unusual activities such as approving yvUSDT for migration and transferring aTokens and withdrawn tokens to an unidentified hacker.
Sudden Shift in Seized Crypto Sparks Questions on US Government Wallet Security https://t.co/KabMOoH5T2
US GOV PULLS $5.4M FROM AAVE AFTER 8 MONTHS – HERE’S WHAT’S HAPPENING The US gov just moved $5.4M from AAVE, linked to the Bitfinex hacker stash. This isn’t just about selling off—those funds have been earning interest on DeFi, and it’s got people nervous. Last time we saw a… https://t.co/KIirZTtPfX
U.S. GOV MOVED MILLIONS IN AAVE AFTER 8 MONTHS SILENCE The feds just yanked $5.4M out of AAVE after months of it staying locked away and appreciating. These funds? Straight from the Bitfinex hacker’s haul. Now, everyone’s sweating about a selloff - BTC maxis and AAVE… https://t.co/JAuYysx1gW