Bitget’s hackers turn to Zcash after $50 million laundering route gets blocked
Hackers behind Bitget’s $387.5 million breach are turning to Zcash's privacy features to hide the stolen funds as crypto firms increasingly block other escape routes. About 2,746 ZEC worth roughly $3.9 million was transferred Wednesday into Zcash’s Ironwood shielded pool through three transactions, according to on-chain activity flagged by blockchain investigator ZachXBT. The amount represents […] The post Bitget’s hackers turn to Zcash after $50 million laundering route gets blocked appeared first on CryptoSlate.
Key Takeaways
- Hackers behind Bitget’s $387.5 million breach are turning to Zcash's privacy features to hide the stolen funds as crypto firms increasingly block other escape routes.
- About 2,746 ZEC worth roughly $3.9 million was transferred Wednesday into Zcash’s Ironwood shielded pool through three transactions, according to on-chain activity flagged by blockchain investigator ZachXBT.
- The amount represents […] The post Bitget’s hackers turn to Zcash after $50 million laundering route gets blocked appeared first on CryptoSlate.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Security
FBI Tells Its Employees to Assume Hackers Have Their Personal Data
An internal memo warned FBI staff that ShinyHunters, the group claiming it hacked the bureau's jobs site, may hold their private details.
Bitget Hacker Turns to Zcash Privacy Pool After Near Rejects $50M in Swaps
The attacker behind the $387.5 million Bitget heist has started hiding about $3.8 million in ZEC inside Zcash's Ironwood pool, after Near Intents turned their swaps away.
Bitget hackers move $4 million into Zcash’s private pool, making funds harder to trace
Three transfers pushed about 15% of the stolen ZEC into Ironwood, where payments hide their senders, recipients and amounts.