30s Summary

A hacker stole around $20 million from a US government digital wallet on October 24, linked to the 2016 Bitfinex hack. The thief later returned $19.3 million, with funds traced to a code beginning with “0xc9E.” Various digital currencies were included in the returned loot, but around $700,000 had been transferred to instant exchanges. This incident adds to a growing list of digital crimes, including a $50 million theft from lending service Radiant Capital, a $52 million transfer to the Ethereum network, and hacks on Ambient Finance and Eigenlayer’s websites.

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A sneaky hacker made off with around $20 million from a US government digital wallet on Oct. 24. This cash was originally nabbed from the 2016 Bitfinex hack. Interestingly, less than a day later, the hacker had a change of heart and returned a whopping $19.3 million back into the government’s wallet.

This about-face was tracked by Arkham Intelligence who noticed funds being transferred back into the US digital wallet starting with a code that began with “0xc9E.” So far, the generous hacker has returned about 88% of the swiped cash.

Detailed records show the hacker gave back around 2,412 of the digital coin Ether (ETH), 7,200 of another digital currency Circle-USD (USDC), as well as $13.2 million worth of Aave-staked USDC (aUSDC). However, they kept around $700,000 worth of the loot which they’d transferred to instant exchanges.

Curiously, no one knows who this thief is or why they did it. This sketchy incident is just another in the series of digital swindles and tricky attacks that have been happening a lot in 2024.

Just a few weeks ago, on Oct. 16, a lending service called Radiant Capital was fleeced for $50 million. The infiltrator sneakily got hold of the private access codes and signed off transactions from Radiant Capital’s multimaster wallet on the BNB Chain and Arbitrum networks.

Not satisfied with this, the greedy hacker shifted another $52 million to the Ethereum network a week later, thus making it even harder to recover the stolen funds.

Things got even stranger when Ambient Finance, a decentralized trading company, got a surprise attack on its website. Luckily, the hack didn’t affect the trading setup and the team soon regained control of the website.

Just two days after that, on October 18, Eigenlayer, a restaking service, fell victim to a similar hack. This time the hacker seized control of Eigenlayer’s X social media account and pulled the wool over users’ eyes with fake airdrop links. The scam was up for only a few minutes before being taken down and the account is now up and running as usual.

Source: Cointelegraph