There is a New Development on Cryptocurrencies Allegedly Stolen by the US Government

Yesterday, suspicious activity observed in one of the Bitfinex hacker wallets seized by the US became a hot topic in the cryptocurrency world.

Approximately $20 million worth of stablecoins were first sent to a previously unidentified wallet, which was then converted to Ethereum and transferred to an obscure crypto exchange.

There were speculations that the incident was a hack, and cryptocurrency detective ZachXBT also said that the transfers could have been malicious.

But interestingly enough, today a significant portion of the funds were returned to crypto wallets controlled by the US government. With $19.3 million reaching official wallets, it appeared that 88% of the funds had been recovered.

However, in the new transfers made minutes ago, the funds were this time transferred to a different cryptocurrency wallet, providing strong evidence that these could be internal transfers rather than a hack.

However, there is no official statement yet as to whether the transfers in question were stolen and returned after a hacking incident or whether they were transferred for another purpose.

*This is not investment advice.