TREE NEWS reports: Stolen funds tied to the Cryptobills Ledger incident and a $12 million Triple-A hack are now flowing into Zcash (ZEC), on-chain sleuth Specter has flagged, following ZachXBT’s disclosure that Bitget attackers used ZEC to obscure stolen assets. Threat actors are increasingly using ZEC to move illicit funds, the monitoring shows.
Stolen funds from Cryptobills Ledger and $12M Triple-A hack flow into ZEC
This reinforces a pattern rather than revealing a one-off: ZEC is being treated by attackers as a preferred rail for laundering, not just a privacy coin with an academic following. The detail that matters is the convergence of separate incidents — Cryptobills Ledger and Triple-A — into the same asset, which suggests operational overlap or at least shared tooling among threat actors. For holders and exchanges, the compliance optics of ZEC flows become harder to ignore. Whether this clustering reflects deliberate coordination or simply copycat behavior is the open question, and how privacy-coin liquidity venues respond to the scrutiny is worth watching.
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