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.
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