The US Government Moved Its Crypto on Suspicion of Hack

Krutika Adani

$20 Million Moved

The United States government has moved $20 million in Ethereum, Stablecoins, and other assets on the suspicion of a hack.

After 8 Months of Inactivity

The assets were moved after being inactive for over 8 months.

Possible Sources of Crypto

Since it is unlikely that they were bought from the market, the sources of these assets could likely be seizures from suspected criminals.

Asset Details

According to Arkham, the assets contained $1.25 million in USDT, $5.5 million in USDC, approximately $13.7 million in aUSDC, and $446,000 in Ethereum, among other things.

Where Were the Assets Moved?

To prevent their centralization, the assets were moved to exchanges and a few new wallets.

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