Investigators link stolen funds from three incidents to Zcash transfers
- —ZachXBT traced roughly 2,700 ZEC worth $3.8 million into the Ironwood pool after the Bitget breach
- —Bitget confirmed $387.5 million in losses from its September 24 incident
- —Specter linked Zcash transfers to the Cryptobills Ledger incident and the $12 million Triple-A exploit
- —Specter did not publish a full transaction trail or amounts for the two additional incidents
Why it matters: Growing use of Zcash to launder stolen funds raises regulatory pressure on privacy coins and exchanges.
Source: crypto.news