Approximately 2,746 ZEC, valued at around $3.9 million at the time, linked to the Bitget breach, entered Zcash’s Ironwood shielded pool from wallets associated with the attacker. On-chain investigator Specter raised concerns on October 17 regarding flows tied to several security incidents. Once inside a shielded pool, transactions no longer publicly reveal the sender, recipient or amount, making tracking significantly more difficult. This situation highlights the ongoing tension between legitimate financial privacy and investigations into cryptocurrency theft, without establishing any compromise of Zcash’s cryptography.
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