US Government Loses $20 Million As Crypto Wallets Fall Victim To Major Hack
A crypto wallet owned by the US government might have been compromised and infiltrated by hackers, raising concerns about the security measures being implemented by the government on digital assets.
The hacking incident could be a tell-tale sign of a lenient cybersecurity practice in handling government-controlled cryptocurrencies. It might indicate the need for the government to boost its firewalls and adaptability to digital technologies.
Tracking A Suspicious Activity
What appears to be a hacking incident was reported by Arkham Intelligence, which was able to track the movement of more than $20 million in crypto funds to another location.
According to the platform, they find it suspicious that a government wallet that has…
