Bitget’s hackers turn to Zcash after $50 million laundering route gets blocked
Summary
Hackers behind Bitget’s $387.5 million breach moved about 2,746 ZEC, worth $3.9 million, into Zcash’s shielded pool, making later fund movements harder to trace. The shift follows attempts to route over $50 million through NEAR Intents, where most transactions were rejected; some funds were frozen, while a smaller amount passed through. The attackers have also used THORChain to swap stolen assets for Bitcoin, amid a sharp rise in the protocol’s trading volume. Bitget is progressively restoring withdrawals after a four-day freeze, while tracked wallets show more than $700 million in outflows. The exchange says its protection fund is back above $300 million and reports 131% reserves across 19 assets.
