✉news BusinessCrypto first seen 2 h ago, last 38 min ago, peak #32
Bitget Hack Funds Moved Through CoinJoin Service
Original: About 4 Bitcoin Linked to Bitget Hack Moved to CoinJoin Service
Roughly 4 Bitcoin tied to the Bitget exchange hack has been moved into a CoinJoin service, a privacy tool that mixes coins to obscure transaction trails. The transfer suggests those responsible are attempting to launder stolen funds, though the amount is small relative to the total stolen in the hack. Analysts typically monitor such movements closely for clues about the attackers' cash-out plans.
Why now: On-chain movements of stolen funds from a major exchange hack are closely watched as a sign the attackers are actively laundering.
Evidence
- About 4 Bitcoin Linked to Bitget Hack Moved to CoinJoin Service · en.bloomingbit.io
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