International
US Government-linked wallet loses $20 million in suspected hack
US Government-linked wallet loses $20 million in suspected hack
Crypto wallets linked to the United States government have lost over $20 million in suspected compromission by bad actors.
The transaction was picked up by Blockchain Intelligence firm Arkham Intelligence which raised alarm on the suspected compromission of the wallets linked to the United States government.
The US government wallets in question have been quite busy on chain with documented seized funds being pulled from Aave.
However, the wallet mysteriously lost $20 million recently in a suspected hack by bad actors.
Arkham intelligence shared its finding on X pinpointing the specific wallet addresses involved in the compromise while also detailing the address the funds were moved and the activity they carried out after the compromise.
“𝗨𝗣𝗗𝗔𝗧𝗘: 𝗨𝗦 𝗚𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁 𝗹𝗶𝗻𝗸𝗲𝗱 𝗮𝗱𝗱𝗿𝗲𝘀𝘀 𝗮𝗽𝗽𝗲𝗮𝗿𝘀 𝘁𝗼 𝗵𝗮𝘃𝗲 𝗯𝗲𝗲𝗻 𝗰𝗼𝗺𝗽𝗿𝗼𝗺𝗶𝘀𝗲𝗱 𝗳𝗼𝗿 $𝟮𝟬𝗠. $20M in USDC, USDT, USD, and ETH has been suspiciously moved from a USG-linked address ; 0xc9E6E51C7dA9FF1198fdC5b3369EfeDA9b19C34c to an attacker 0x3486eE700CcaF3E2F9C5eC9730a2e916a4740A9f.
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”0xc9E received USG seized funds linked to the Bitfinex hackers from 9 separate USG seizure addresses, including 0xE2F699AB099e97Db1CF0b13993c31C7ee42FB2ac, an address named in the court documents relating to the Bitfinex seizure. The funds were moved to wallet 0x348 which has begun selling the funds to ETH.
”We believe the attacker has already begun laundering the proceeds through suspicious addresses linked to a money laundering service.” Arkham tweeted.
In another Hacking development, Arkham Intelligence revealed a court document from the case against Bitfinex hackers Ilya Lichtenstein and Heather Rhiannon Morgan. The case references Aave, Curve Finance, and Yearn Finance, as well as the “0xE2F” wallet. According to the document, it states:
”Approximately 1,999,723.976 in tether (USDT) contained within Yearn Finance Liquidity Pool address 0xaC8, approximately 3,689,545.195 USDT contained within Yearn Finance Liquidity Pool address 0xE2F, and approximately 1,700,000 USDT contained within Yearn Finance Liquidity Pool address [0x681].”
“The funds were moved to wallet 0x348 which has begun selling the funds to ETH,”
“We believe the attacker has already begun laundering the proceeds through suspicious addresses linked to a money laundering service,” Arkham added
These two cases are the latest and ongoing cases of hacks in the crypto industry as pointed out by Arkham intelligence.
There has been no official comment from US authorities over the Hack that occurred on Wallets linked to the US government.
US Government-linked wallet loses $20 million in suspected hack
International
US Warns Iran Against Closing Strait of Hormuz, Cites “Severe Consequences”
US Warns Iran Against Closing Strait of Hormuz, Cites “Severe Consequences”
Washington, D.C. — The United States has issued a strong warning to Iran over any potential move to shut down the strategic Strait of Hormuz following ongoing military operations in the region, with Secretary of State Marco Rubio cautioning that such an action would attract “severe consequences.”
Rubio, speaking amid heightened tensions in the Middle East, stressed that the vital waterway must remain open to global shipping, describing any attempt by Iran to block access as unacceptable and destabilising.
“The Strait of Hormuz is an international waterway that must remain open,” Rubio said. “If Iran chooses to close it after military operations conclude, it will face serious consequences. The United States will ensure that freedom of navigation is maintained.”
The Strait of Hormuz is one of the world’s most critical oil transit routes, serving as a gateway for nearly a fifth of global petroleum supplies. Any disruption to its operations could send shockwaves through international energy markets and significantly impact global trade.
Tensions have escalated in recent days following military developments involving the United States and its regional allies, alongside growing concerns over Iran’s response. Analysts say Tehran has previously hinted at the possibility of leveraging the strait as a strategic pressure point during periods of conflict.
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Security experts warn that a closure of the narrow waterway could trigger a broader regional crisis, potentially drawing in global powers and leading to military confrontations at sea. The U.S. Navy, which maintains a strong presence in the region, has historically conducted operations to safeguard commercial shipping routes.
While Iranian officials have not formally announced any decision to block the strait, past rhetoric from Tehran has included threats to disrupt maritime traffic if its national interests are threatened.
In response, U.S. officials reiterated their commitment to maintaining stability and ensuring the uninterrupted flow of commerce. Rubio emphasised that any move to interfere with international shipping lanes would not only affect the United States but also have far-reaching consequences for the global economy.
Observers note that the warning underscores the strategic importance of the Strait of Hormuz and highlights the fragile security situation in the Gulf region. With tensions still simmering, diplomatic efforts are expected to continue alongside military preparedness.
As the situation unfolds, the international community remains watchful, with many nations urging restraint to avoid further escalation in an already volatile region.
US Warns Iran Against Closing Strait of Hormuz, Cites “Severe Consequences”
International
China Thanks ‘Relevant Parties’ as Ships Cross Strait of Hormuz Amid Tensions
China Thanks ‘Relevant Parties’ as Ships Cross Strait of Hormuz Amid Tensions
The government of China has confirmed that three Chinese vessels successfully transited the Strait of Hormuz, expressing appreciation to “relevant parties” for facilitating their safe passage amid heightened geopolitical tensions in the Gulf region.
Speaking on Tuesday, Chinese Foreign Ministry spokesperson Mao Ning described the strait as a “vital corridor for global trade and energy supplies,” reiterating Beijing’s call for an immediate ceasefire and de-escalation of hostilities in the region.
“We express our gratitude to the relevant parties for the assistance provided,” Mao said, without identifying the actors involved, in what analysts interpret as a diplomatic acknowledgment of coordinated security efforts in the waterway.
Chinese Ships Navigate High-Risk Waters
Ship-tracking data confirmed that at least two container vessels operated by COSCO Shipping exited the Gulf on Monday, completing a second attempt after aborting an earlier departure days before due to security concerns. The vessels reportedly sailed in tight formation and at increased speeds, heading toward the Gulf of Oman — a sign of heightened caution amid ongoing threats.
According to maritime data analyst Rebecca Gerdes of Kpler, the ships are among the first non-Iranian container vessels to successfully leave the Persian Gulf since the escalation of conflict, highlighting a cautious reopening of one of the world’s most critical shipping lanes.
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COSCO had earlier announced on March 25 that it would resume container bookings for shipments between Asia and Gulf destinations, including the United Arab Emirates, Saudi Arabia, Qatar, Kuwait, and Iraq, signaling cautious confidence in maritime security conditions.
Strait of Hormuz Under Pressure
The Strait of Hormuz — through which nearly one-fifth of global oil supply typically flows — has faced significant disruption since the outbreak of hostilities involving Iran, the United States, and Israel beginning in late February.
Security threats, including missile strikes, naval incidents, floating mines, and drone activity, have forced many shipping companies to halt or delay operations, leaving hundreds of vessels stranded and disrupting exports such as Saudi crude oil and Qatari liquefied natural gas.
Despite the risks, some vessels have cautiously resumed transit. Reports indicate that a Greek-operated oil tanker carrying Saudi crude recently exited the Gulf, while Indian-flagged LPG carriers also navigated the route successfully.
To mitigate risks, shipping operators have adopted defensive navigation strategies, including sailing at night, increasing speed, and in some cases switching off tracking transponders to reduce visibility.
China Pushes for Stability
China’s acknowledgment of assistance reflects its broader diplomatic stance, as Beijing continues to advocate for dialogue, restraint, and stability in the Gulf. As one of the world’s largest energy importers, China has a strategic interest in keeping the Strait of Hormuz open and secure.
Analysts say the successful transit of Chinese vessels signals a fragile but important development in global shipping, suggesting that limited movement may resume if security conditions improve — though risks remain high.
China Thanks ‘Relevant Parties’ as Ships Cross Strait of Hormuz Amid Tensions
International
Canada Raises Permanent Residence, Citizenship Fees for Nigerians, Others
Canada Raises Permanent Residence, Citizenship Fees for Nigerians, Others
The Government of Canada has announced a significant increase in immigration fees, affecting Nigerians and other foreign nationals seeking permanent residence or Canadian citizenship. The fee hike will take effect on April 30, 2026, for permanent residence applications, while citizenship fees will rise slightly earlier, according to Immigration, Refugees and Citizenship Canada (IRCC).
The agency said the adjustments are part of a routine review to maintain efficient and timely immigration services, keep pace with inflation, and respond to growing demand. Applications received on or after the effective dates will be subject to the new fee structure.
Under the updated schedule, the Right of Permanent Residence Fee will increase from CA$575 to CA$600, while the Provincial Nominee Programme fee rises from CA$950 to CA$990. Business Class applications will see a jump of CA$85, moving from CA$1,810 to CA$1,895, and Family Class applications will increase from CA$545 to CA$570.
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Other categories affected include Protected Persons and applications on Humanitarian and Compassionate Grounds or Public Policy Measures, each rising from CA$635 to CA$660. Permit Holders will pay CA$390, up from CA$375, and the Right of Citizenship Fee increases from CA$119.75 to CA$123, effective March 31, 2026.
The IRCC explained that under the Immigration and Refugee Protection Regulations, immigration fees are reviewed every two years to ensure they cover program costs and sustain service delivery standards. While the increases are modest in some categories, the cumulative impact may be substantial for families or applicants submitting multiple applications.
Canada continues to be a preferred destination for Nigerians and other global migrants seeking work, study, or permanent settlement. Experts advise prospective applicants to submit applications before the fee hike to avoid higher costs, particularly for permanent residence, business class, and family sponsorship applications.
Canada Raises Permanent Residence, Citizenship Fees for Nigerians, Others
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