🚨 STOLEN BITGET FUNDS BEGIN MOVING INTO ZCASH’S SHIELDED POOL

On-chain investigator ZachXBT reports that approximately 2,700 ZEC — worth around $3.8 million — linked to the Bitget exploit has begun moving into Zcash’s 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 — while also highlighting the difficult compliance and tracing questions that strong financial privacy creates.

Source: ZachXBT / Bitget

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