Bitget hackers move $4 million into Zcash’s private pool, making funds harder to trace

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.

Bitget Hacker Turns to Zcash Privacy Pool After Near Rejects $50M in Swaps | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #hacker - National Cyber Security Consulting

In brief The Bitget attacker began shielding about 2,700 ZEC, roughly $3.8 million, in Zcash's Ironwood pool on Sept. 30. Near Intents says it rejected more than $50 million in swaps tied to the hack, while Thorchain declined Bitget's request to block the attacker's addresses. Bitget puts the theft at $387.5 million; its CEO and […] Thank you for subscribing to our RSS feed!

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 […]

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 Hacker Shields $3.9M ZEC, 15% of Stolen Zcash

Why Did The Hacker Move ZEC Into Zcash’s Private Pool? Wallets linked to Bitget’s $387.5 million security breach moved about $3.9 million in Zcash into the network’s private payment system on Wednesday, making part of the stolen funds substantially harder to trace. Three transactions sent a combined 2,746 ZEC into Ironwood, Zcash’s newest shielded pool, between 08:15 and 08:46 UTC. The transfers represent roughly 15% of the ZEC taken during the …