North Korean Hackers Move $3.8 Million in Stolen $ZEC to Zcash Shielded Pool

On-chain investigator ZachXBT reported that attackers linked to North Korea have begun moving approximately 2,700 $ZEC, valued at about $3.8 million, into the Ironwood shielded pool on the Zcash network. The funds were stolen from the exchange Bitget, with total losses estimated at 18,900 $ZEC. By entering the shielded pool, which utilizes zero-knowledge proofs, the transaction details are encrypted, making further tracking by authorities difficult. The move has sparked renewed discussions regarding the regulatory status of privacy-focused assets.