Bitget Hackers Move $4M in Zcash Into Privacy Pool to Obscure Trail

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Hackers behind the Bitget breach have transferred approximately $4 million worth of Zcash (ZEC) into a privacy-shielded pool called Ironwood. The movement involved three separate transfers, accounting for roughly 15% of the total stolen ZEC. Ironwood is a private transaction layer within the Zcash network that conceals sender identities, recipient addresses, and transaction amounts. This deliberate use of privacy technology significantly complicates efforts by investigators to trace or recover the stolen funds.

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