On-chain analysts detect funds from multiple crypto heists flowing into ZEC, with attackers leveraging it to launder stolen assets
On-chain tracking reveals ZEC is being used to transfer proceeds from multiple crypto theft incidents<p>On-chain analyst Specter published a statement noting that after on-chain detective ZachXBT disclosed that the Bitget attacker used Zcash (ZEC) to obfuscate stolen funds, subsequent monitoring detected funds tied to additional crypto theft incidents flowing into the ZEC network.</p><p>Affected incidents include the Ledger-related Cryptobills heist, as well as the $12 million Triple-A hacking attack. Attackers from multiple distinct security breaches have now opted to use ZEC to complete illicit fund transfers.</p><p>Public disclosures to date have not released the exact amount of funds from the aforementioned incidents that have flowed into ZEC, and on-chain tracking teams will continue to monitor the subsequent flow of these related assets.</p>
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