Investigators Trace Theft-Linked Crypto Into Zcash Pools

Blockchain investigators have traced cryptocurrency linked to reported thefts into Zcash shielded pools, including 2,746 ZEC valued at about $3.9 million in deposits associated with the Bitget breach. Newer links to incidents involving CryptoBilis Ledger and payment firm TripleA were reported by on-chain analyst Specter, but their full transaction trails and transfer totals have not been established publicly. ZachXBT identified the Bitget-related deposits into Zcash’s Ironwood pool on September 30, tracing funds from wallets he linked to the attacker. Bitquery separately identified three deposits on that date totaling 2,746 ZEC. The transactions represent a trace to the pool; Zcash’s shielded transfers conceal details such as sender, recipient and amount from public observers, making subsequent movements harder to follow. Specter said on October 17 that funds linked to the CryptoBilis Ledger incident and the TripleA exploit had also entered Zcash. The reports did not provide complete public transaction evidence or confirmed totals for those links. Bitquery traced 4,546 ZEC connected to the October 9 CryptoBilis-related theft into Zcash, but said it could not confirm that later...