Analyst: stolen funds from multiple hacks are being moved through Zcash
- —Specter linked ZEC flows to the Bitget attack, the CryptoBilis Ledger incident and a $12 million Triple-A hack
- —The analyst said attackers are using Zcash to move stolen funds
- —No specific amounts moved into ZEC were disclosed
Why it matters: Growing use of Zcash in laundering could intensify regulatory scrutiny of privacy coins and the exchanges that list them.
Source: PANews