About 2,700 ZEC From Bitget Theft Enters Ironwood Shielded Pool
The transfer involves roughly $3.8 million in Zcash. About 18,900 ZEC worth $28.3 million was previously stolen from Bitget’s hot wallet.
About 2,700 Zcash (ZEC) tied to the Bitget theft has begun moving into Zcash’s Ironwood shielded pool, complicating efforts to trace the stolen funds.
The transferred coins are worth roughly $3.8 million. The movement was attributed to a suspected North Korea-linked attacker by blockchain investigator ZachXBT.
Bitget’s hot wallet previously lost about 18,900 ZEC, valued at approximately $28.3 million. The latest transfer represents roughly 14% of the stolen amount.
Ironwood is Zcash’s shielded pool, where the transferred funds are being placed as the investigation continues.
Simon Yoon
ReporterSimon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.