🚨 STOLEN BITGET FUNDS BEGIN MOVING INTO ZCASH’S SHIELDED POOLOn-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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