A government-controlled wallet that had been drained of $20 million on Thursday received most of its funds back Friday, adding another layer of mystery to transactions flagged by blockchain analysts as likely being connected to a high-profile theft.
The pseudonymous blockchain sleuth ZachXBT had said in a tweet Thursday that the transfers resembled the playbook of a bad actor. Engaging with several decentralized finance protocols, the wallet had also tapped so-called instant exchanges after funds were moved across a series of transfers that “looked nefarious.”
About $19.3 million worth of funds had been returned to the wallet early Friday, per on-chain data collected by Arkham Intelligence, including Ethereum and the stablecoin USDC….
Nov 17 2024
