Hackers increasingly launder stolen funds through Zcash
- —Specter: funds from the Cryptobills Ledger incident and a $12M Triple-A hack moved into ZEC
- —Attackers use Zcash privacy features to launder funds and evade transaction tracing
- —The trend grew after ZachXBT exposed a Bitget attacker's use of Zcash
Why it matters: Growing use of Zcash in laundering could intensify regulatory pressure on privacy coins and the exchanges that handle such flows.
Source: Bloomingbit