Tech »  Topic »  Cryptohack Roundup: US Claws Back Stolen Crypto

Cryptohack Roundup: US Claws Back Stolen Crypto


Also: Truth Terminal Founder Social Media Hack Inflates Fraudulent Token Rashmi Ramesh (rashmiramesh_) • October 31, 2024

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Every week, ISMG rounds up cybersecurity incidents in digital assets. This week, U.S. government recovered stolen crypto, Truth Terminal founder social media hack, TeamTNT resurfaced, former FTX exec Nishad Singh avoided prison, the SEC's X account hacker may get a plea deal, Tether reported to be under investigation, a notable increase in digital assets enforcement and pending Dutch crypto legislation.

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A hacker allegedly stole around $20 million in cryptocurrency from U.S. government wallets, said Arkham Intelligence. The hacker moved the money from seized accounts related to Bitfinex hackers, distributing them to non-custodial platforms, suggesting an attempt at laundering. Crypto analyst ZachXBT reportedly told The Block that the U.S. government was unlikely to use typical crypto exchanges for legitimate transfers, reinforcing ...


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