US Government Wallets Receive $19 Million As Crypto Hacker Makes U-Turn ⋆ ZyCrypto

US Government Moves BTC Valued At $300M, Prompting Liquidation Fears

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A crypto wallet controlled by the United States government has received $19.3 million in digital assets after a previous hack. On Oct 24, the wallet was reportedly drained of $20 million in assets and has now received the bulk of lost funds. Several crypto enthusiasts have flagged the transactions, stating that the hackers might be making a U-turn.

A Series of Mysteries Transfers

Blockchain analytics firm Arkham Intelligence wrote on X (formerly Twitter) that the US government-controlled wallet received $19.3 million of previously drained funds less than 24 hours after the initial incident. On-chain data shows that the returned funds consist of stablecoin USDC and…

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