Security· ★★★★· bearish·

BitOK Traces 87.8 BTC From Bitget Hack as Stolen Funds Reach Mixers

  • —87.82 BTC from one hack branch remained in 10 unspent UTXOs on October 1
  • —Nine inputs totaling 14.61 BTC entered six Wasabi CoinJoin rounds on Sept 28 and 30
  • —13 Tornado Cash deposits totaling 9.4 ETH were made on September 30
  • —About 1,259.44 BTC moved through Ethereum–THORChain routes across 1,425 payouts
Why it matters: The traced UTXOs can still be monitored, but Bitcoin's protocol cannot freeze them, leaving recovery to exchanges and law enforcement.
Source: Brave New Coin