✉news TechnologyCybersecurity first seen 11 h ago, last 8 h ago, peak #32
Bitget hackers move $3.9 million into Zcash
Hackers behind the theft of funds from crypto exchange Bitget have moved $3.9 million into Zcash, a privacy-focused cryptocurrency whose shielding features make transactions harder to trace. The move follows a pattern in which stolen digital assets are laundered through privacy coins to obscure their trail. Observers are watching whether further transfers follow and how the exchange responds.
Why now: The use of a privacy coin to launder a large recent exchange hack raises concerns about tracing stolen crypto funds.
Evidence
- Bitget hackers move $3.9 million into Zcash · grafa.com
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