TREE NEWS reports: Arkham traced 847.26 BTC of the roughly $63 million stolen in the Bitget hack into CoinJoin mixing transactions, the blockchain analytics firm said. A further 959.29 BTC has been identified in labelled wallets as recovery efforts continue.
Arkham Traces $63M Bitget Hack Funds to CoinJoin Mixing
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AI take
The tracing of stolen Bitcoin into CoinJoin transactions highlights how privacy-enhancing tools remain a primary laundering route even as analytics firms sharpen their attribution capabilities. For Bitget and its users, the split between mixed funds and the BTC sitting in labelled wallets frames the recovery question sharply: labelled holdings are actionable, while mixed coins are not. Whether the traced CoinJoin flows can be followed further, and whether the labelled balances translate into actual recovery, is the open question.
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