2,746 ZEC from Bitget hack vanish into Zcash's Ironwood shielded pool
- —2,746 ZEC worth ~$3.9 million moved into Ironwood in three transfers
- —That is roughly 15% of the ~18,900 ZEC stolen from Bitget
- —Funds passed through two intermediate addresses linked to the attacker
- —About $24 million in ZEC remains on transparent addresses
Why it matters: Shielded-pool transfers are untraceable, complicating efforts to freeze stolen funds and raising scrutiny on Zcash's privacy features.
Source: CryptoTicker