DEA Accidentally Transfers $50,000 Worth of Cryptocurrency to a Hacker
A recent report by Forbes reveals that the US Drug Enforcement Agency (DEA) mistakenly transferred $50,000 worth of seized cryptocurrency to a hacker. The hacker has since accumulated hundreds of thousands of dollars in Ethereum (ETH) within just a few months.
Key Points:
- The DEA seized $500,000 in Tether from two Binance accounts linked to illegal narcotics transactions.
- The funds were stored securely in DEA-controlled accounts within a Trezor hardware-based wallet.
- A scammer exploited a well-known crypto scam and tricked the DEA into sending over $55,000 to their account.
- The stolen funds were converted into Ethereum and transferred to a new wallet.
- The investigation into the scammer’s activities is still ongoing.
Hot Take: This incident highlights the growing prevalence of crypto scams and emphasizes the need for enhanced cybersecurity measures and advanced tools to combat such crimes. Law enforcement agencies must adopt stricter verification procedures to prevent future incidents like this.
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