🚨 Bitget Hackers Turn to Zcash After $50M Laundering Route Blocked
Hackers behind the $387.5 million Bitget breach are now using Zcash (ZEC) privacy features to move stolen funds. Blockchain investigator ZachXBT flagged 2,746 ZEC worth roughly $3.9 million being moved into the Ironwood shielded pool, which conceals transaction details from public view.
This shift follows a failed attempt to move $50 million through the NEAR protocol. While NEAR’s risk system blocked most of those transactions, the hackers successfully used THORChain to swap $79 million worth of ETH for Bitcoin. THORChain has resisted requests to block the stolen assets.
#Bitget #Zcash #CryptoHack #Laundering
Hackers behind the $387.5 million Bitget breach are now using Zcash (ZEC) privacy features to move stolen funds. Blockchain investigator ZachXBT flagged 2,746 ZEC worth roughly $3.9 million being moved into the Ironwood shielded pool, which conceals transaction details from public view.
This shift follows a failed attempt to move $50 million through the NEAR protocol. While NEAR’s risk system blocked most of those transactions, the hackers successfully used THORChain to swap $79 million worth of ETH for Bitcoin. THORChain has resisted requests to block the stolen assets.
#Bitget #Zcash #CryptoHack #Laundering