ZachXBT says suspected North Korea-linked attackers are using Zcash to shield Bitget stolen funds

CoinBureau, citing on-chain investigator ZachXBT, reported that suspected North Korea-linked attackers are using Zcash to obscure funds stolen from Bitget. Around 2,700 ZEC, worth about $3.8 million, has already started moving into Zcash’s Ironwood. Those stolen coins are being sent into the shielded pool, where transaction details can be hidden. The report ties the movement to Bitget’s broader security incident, which involved multiple asset types and totaled about $388 million. Within that event, about 18,900 ZEC, valued at roughly $28.3 million, was stolen. Earlier, Bitget CEO Gracy Chen said she was "not very optimistic" about recovering the stolen funds. The update points to continued efforts to move part of the stolen assets into privacy-preserving infrastructure, based on ZachXBT’s account as cited by CoinBureau.