Security· ★★★· bearish·

2,990 ETH from Ledger/CryptoBilis case moved through Tornado Cash into Zcash

  • —2,990 ETH worth ~$7.45 million moved from CryptoBilis-linked addresses
  • —Funds passed through Tornado Cash, split into 14 addresses, bridged via NEAR Intents
  • —Wallets tied to the Bitget attack deposited 2,746 ZEC into the Ironwood pool
  • —IndoG Labs traced part of the funds back into ETH and TRX
Why it matters: Shielded Zcash pools are increasingly used to launder stolen crypto, adding regulatory pressure on privacy coins.
Source: TokenPost