CandleFocus US Government moves $20M in crypto after 8 months of inactivity
2024-10-24
Author: Content Editor
According to reports from Arkham Intelligence, the US government has moved over $20 million in funds from a wallet labeled as a US government-controlled address containing Bitfinex's seized funds. This wallet, which had been inactive for over eight months, first withdrew $5.45 million in USDC from Aave, followed by another transaction of $1.12 million in USDT. Within minutes, approximately $20 million in total assets were moved to a new address, leading to speculation about a possible reorganization of the seized funds. The use of DeFi services like Aave raises questions about the motives behind the government's wallet activity.
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