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Bitget Hackers Transfer $3.9M in ZEC to Zcash's Shielded Pool

Bitget Hackers Transfer $3.9M in ZEC to Zcash's Shielded Pool

First seen 30 Sep 2026, 16:28 UTC • •
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ThreatCluster AI
ThreatCluster •September 30, 2026 at 18:35 UTC
  • •Hackers moved $3.9 million in ZEC into Zcash's Ironwood shielded pool.
  • •The transfer obscures the trail of stolen funds from the Bitget breach.
  • •Investigators can track entry and exit points but lack a complete transaction trail.

On September 30, 2026, wallets linked to the Bitget hack transferred $3.9 million in ZEC into Zcash's Ironwood shielded pool, obscuring the funds' trail. This movement represents 15% of the total ZEC stolen during a breach on September 24, which was initially reported as $387.5 million. The funds were sent in three transfers between 08:15 and 08:46 UTC, passing through two intermediary addresses tied to the attacker. While investigators can see the amounts entering Ironwood, the sender, recipient, and amounts are hidden within the shielded pool. If the funds later return to a public address, the outgoing amounts will become visible again, allowing for some tracking. The breach has raised concerns about the recovery of the stolen funds, as the shift to Zcash complicates the investigation. No official statements from Zcash, law enforcement, or Bitget's recovery team regarding the shielded transfers were reported.

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Timeline

2026-09-24
Bitget hack reported
Bitget reported a breach exposing $387.5 million, with wallets linked to the attack receiving nearly 18,917 ZEC.
Coindesk
2026-09-30
Funds moved to Zcash's Ironwood pool
Wallets linked to the Bitget hack transferred $3.9 million in ZEC into Zcash's shielded pool, complicating recovery efforts.
Altcoinbuzz

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Common questions

How much was stolen in the Bitget hack?
The Bitget hack exposed approximately $387.5 million, with $3.9 million in ZEC moved to Zcash's shielded pool.
What is Zcash's Ironwood shielded pool?
Ironwood is Zcash's private payment system that conceals transaction details such as sender, recipient, and amount.
Can investigators track the stolen funds?
Investigators can track the entry into Ironwood but face challenges due to the lack of a complete transaction trail.