Part of the haul from the break-in at the exchange Bitget has been untraceable since Wednesday morning. Over the course of the morning, 2,746 ZEC moved in three transfers into Ironwood, the newest shielded pool on Zcash. At Wednesday midday prices that is roughly $3.9 million, and about 15 percent of the ZEC that left the exchange on September 24. For your own holdings nothing follows from this for now: anyone who holds ZEC in their own wallet is untouched by these transfers. The practical question sits elsewhere, and it concerns everyone who buys or sells ZEC through an exchange account.
The movement was reported by the pseudonymous blockchain investigator ZachXBT, who made the three transfers public on Wednesday through his Telegram channel. CoinDesk then traced them through the transaction data. According to the same report, the funds arrived by way of two intermediate addresses, fed from a wallet that Bitget itself had attributed to the attacker.
2,746 ZEC in three transfers: the route into the Ironwood pool
The figures sit close together but come apart slightly depending on the source. CoinDesk names 2,746 ZEC in three depos...
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