hack or exploit

Bitget funds reportedly shielded through Zcash after breach

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Wallets linked to the Bitget theft moved roughly 2,700 ZEC, worth about $3.8 million, into Zcash’s Ironwood shielded pool. Other coverage places the amount at about 2,746 ZEC, or $3.9 million, and says the transfers were made on September 30 in three moves within a 31-minute window. One piece also says about 18,900 ZEC, worth $28.3 million, had been stolen from Bitget’s hot wallet before this move.

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Key claims & sources

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About 18,900 ZEC, valued at $28.3 million, had already been taken from Bitget’s hot wallet.
About 2,700 ZEC From Bitget Theft Enters Ironwood Shielded Pool
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Wallets linked to the Bitget theft moved about 2,700 ZEC, worth roughly $3.8 million, into Zcash’s Ironwood shielded pool.
Bitget Hack Suspect Moves 2,700 ZEC Into Ironwood Pool
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A separate account of the same transfers puts the amount at 2,746 ZEC, or about $3.9 million, sent into Ironwood in three transactions.
Bitget Hackers Funnel $3.9M in ZEC Into Zcash Privacy, Cloaking Stolen Funds
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That transfer activity is dated to Wednesday, September 30, and is described as having happened within a 31-minute window.
Bitget Hackers Funnel $3.9M in ZEC Into Zcash Privacy, Cloaking Stolen Funds
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Another piece says the Zcash move came after Near Intents turned away swaps tied to the breach.
Bitget Hacker Turns to Zcash Privacy Pool After Near Rejects $50M in Swaps

Market reaction i

ZcashZEC it is the asset of the company or protocol in the event
first headline
+0.7% 2 h before
+4.4% 4 h after
$1,409price at publication
12data points

Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Sep 30 10:53
Crypto Briefing scoop
Breaks the event
+11 min
Sep 30 11:04
CoinDesk adds
Breaks the figures down; the largest, $387.5M
+4 h 40 m
Sep 30 15:33
CR Cryptopolitan context
Its angle: cryptopolitan, information, completes
+4 h 56 m
Sep 30 15:49
Crypto Economy adds
Brings into the story: ZEC, with quotes
+8 h 53 m
Sep 30 19:46

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