The US government has increased its focus on crypto transactions, withdrawing $5.4 million in AAVE after eight months.
The United States government has sparked a selloff panic for AAVE following the initiation of its first transaction for the token in eight months. The Government transaction comprises $5.4 million, per data insights from Arkham Intelligence.
Is the US government earning money with Aave?
According to the shared data, the funds were initially secured by Bitfinex Hacker, as indicated by Arkham Intelligence. Nevertheless, the precise transactions could be more obscure because the funds are disbursed in USDC.
One potential explanation for this phenomenon is that the United States government has sequestered the funds on Aave, as indicated by community feedback. As a result, it began earning interest as a liquidity provider on the Decentralized Finance (DeFi) lending platform.
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