Onchain Data Shows Hackers Shifting Stolen Crypto Into Zcash’s Shielded Pools
Photo: TheCoinrise
Blockchain analysts flag transfers linked to Ledger and Bitget incidents moving into Zcash's privacy-focused network Blockchain investigators have traced a batch of stolen cryptocurrency into Zcash, according to onchain data reviewed by crypto.news and AMBCrypto. The funds are reportedly linked to prior security incidents involving hardware wallet maker Ledger and exchange Bitget. Both outlets reported that the assets were ultimately deposited into Zcash's shielded pools, a feature designed to obscure transaction details. Zcash is a cryptocurrency built on the principle of optional privacy.
Source: TheCoinrise
