🚨 Nearly 5,000 BTC leaves Bitget as hackers begin laundering $387M haul
Bitget has reopened Bitcoin withdrawals following a massive $387.5 million security breach. Since the restart, tracked reserves have dropped by approximately 4,642 BTC, worth roughly $391 million at current prices.
CEO Gracy Chen confirmed the exchange processed over 9,500 withdrawal orders totaling 4,098 BTC shortly after resuming service. The hack was traced to compromised credentials from a third-party vendor, which allowed attackers to bypass internal risk controls.
Blockchain investigator ZachXBT reports that hackers, allegedly linked to North Korea, are already laundering the stolen funds. The assets are being moved through THORChain, Wasabi, and various cross-chain bridges to obscure the trail and prevent recovery.
#Bitget #CryptoHack #Bitcoin #Security
Bitget has reopened Bitcoin withdrawals following a massive $387.5 million security breach. Since the restart, tracked reserves have dropped by approximately 4,642 BTC, worth roughly $391 million at current prices.
CEO Gracy Chen confirmed the exchange processed over 9,500 withdrawal orders totaling 4,098 BTC shortly after resuming service. The hack was traced to compromised credentials from a third-party vendor, which allowed attackers to bypass internal risk controls.
Blockchain investigator ZachXBT reports that hackers, allegedly linked to North Korea, are already laundering the stolen funds. The assets are being moved through THORChain, Wasabi, and various cross-chain bridges to obscure the trail and prevent recovery.
#Bitget #CryptoHack #Bitcoin #Security
🚨 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