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Bitget hacker moves stolen funds into Zcash shielded pool as Near blocks $50 million in swaps

first published 2026-09-30T08:01:17Z
Hack Security Crime
Slowmist says the attackers behind Bitget’s roughly $388 million hot-wallet theft had already compromised linked systems as early as Aug. 31, weeks before the Sept. 24 drain. The report says they used employee credentials and a custom withdrawal tool to move funds for nearly three hours, and that suspected North Korean laundering activity was later spotted through CoW Protocol and Chainflip.
AI Analysis
The article describes a major exchange security breach, prolonged prior compromise, and large-scale theft of funds, which are concrete negative developments that can quickly pressure market confidence.
Expected Investor Sentiment: Bearish
Potential Market Impact: High
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