Bitget Hackers Move $3.9 Million in ZEC to Zcash Shielded Pool

Attackers behind the Bitget exchange hack have transferred approximately 2,746 ZEC, valued at $3.9 million, into the Zcash 'Ironwood' shielded pool. This move, identified by researcher ZachXBT, accounts for about 15% of the stolen ZEC. By utilizing Zcash's zero-knowledge proof technology, the hackers aim to obscure the transaction trail. The total losses from the September 24 incident are estimated at $388 million, with Bitget pledging to cover user losses from its protection fund.