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Crypto DeFi

Bitget Hacker Moves $3.8M in ZEC to Zcash Ironwood Pool After Near Intents Rejects Swaps

The attacker behind the $387.5 million Bitget heist has begun hiding about $3.8 million in ZEC inside Zcash’s Ironwood privacy pool, after Near Intents rejected the swaps. The move marks a shift by the hacker toward privacy tools to obscure the stolen funds following the refusal by the Near-based swap service.

Original source

AI take

The notable detail is not the amount but the failure of a swap venue to cooperate: Near Intents' refusal pushed the attacker toward a privacy pool instead of a conventional mixer or exchange. That matters for how stolen funds get laundered when compliant services decline, and it puts Zcash's shielded infrastructure in the spotlight as a fallback route. Whether other privacy tools absorb similar flows, and whether that draws scrutiny toward them, is the open question worth watching.

Generated by AI for reference only.

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