TOKENPOST
1 min read
Add as a preferred source on Google

Specter Tracks Stolen Funds From Multiple Incidents Moving Into Zcash

The flows included funds linked to Cryptobills Ledger and a $12 million Triple-A hack; the figure refers to the hack’s value, not a stated ZEC transfer total.

By Simon Yoon
Published
An unmarked silver coin slips beneath a dark metal screen / TokenPost.ai
An unmarked silver coin slips beneath a dark metal screen / TokenPost.ai

Blockchain investigator Specter tracked funds tied to the Cryptobills Ledger incident and a $12 million Triple-A hack moving into Zcash (ZEC), after ZachXBT described Bitget attackers using the asset to conceal stolen funds.

Specter’s monitoring identified both the Cryptobills Ledger-linked funds and funds tied to Triple-A as additional flows into ZEC. The $12 million figure describes the value of the Triple-A hack, not a stated amount transferred into ZEC.

ZachXBT’s post concerned Bitget attackers’ use of Zcash to hide stolen funds. Specter’s tracking also identified movement into ZEC involving funds linked to two other incidents.

Simon Yoon

Reporter

Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

Loading…