News reports and official statements from involved parties

U.S. Government Withdraws $6.6M from Aave, Wallet Compromised for $20M: Arkham Intelligence

Oct 24, 2024, 06:10 PM

The U.S. Government has withdrawn significant amounts of cryptocurrency from Aave, totaling approximately $6.6 million in USDT. This marks the first activity on the address in eight months. According to Arkham Intelligence, a U.S. Government-linked crypto wallet, containing $20 million in USDC, USDT, aUSDC, and ETH, has been compromised and the funds have been suspiciously moved. The compromised funds are believed to be tied to the Bitfinex hack, and the incident has sparked major speculation in the DeFi market.