đš STOLEN BITGET FUNDS BEGIN MOVING INTO ZCASHâS SHIELDED POOL
On-chain investigator ZachXBT reports that approximately 2,700 ZEC â worth around $3.8 million â linked to the Bitget exploit has begun moving into Zcashâs Ironwood shielded pool.
Around 18,900 ZEC ($28.3M) was reportedly stolen from Bitget as part of the September 24 breach.
The wider security incident affected approximately $387.5 million across multiple assets and networks. Bitget has said the attack showed indicators consistent with DPRK-linked groups, although attribution remains under investigation.
Moving ZEC from transparent addresses into the shielded pool breaks the publicly visible transaction trail by concealing transaction details on-chain.
The development is notable because it demonstrates the real-world privacy properties of Zcash â while also highlighting the difficult compliance and tracing questions that strong financial privacy creates.
Source: ZachXBT / Bitget
⥠$ZEC
| #zcash
đ Privacy âą Freedom âą Financial Sovereignty
On-chain investigator ZachXBT reports that approximately 2,700 ZEC â worth around $3.8 million â linked to the Bitget exploit has begun moving into Zcashâs Ironwood shielded pool.
Around 18,900 ZEC ($28.3M) was reportedly stolen from Bitget as part of the September 24 breach.
The wider security incident affected approximately $387.5 million across multiple assets and networks. Bitget has said the attack showed indicators consistent with DPRK-linked groups, although attribution remains under investigation.
Moving ZEC from transparent addresses into the shielded pool breaks the publicly visible transaction trail by concealing transaction details on-chain.
The development is notable because it demonstrates the real-world privacy properties of Zcash â while also highlighting the difficult compliance and tracing questions that strong financial privacy creates.
Source: ZachXBT / Bitget
⥠$ZEC
| #zcash
đ Privacy âą Freedom âą Financial Sovereignty
