Arkham Traces $63 Million From Bitget Hack to CoinJoin Mixing Service
(2 hours ago) · 1 source · Summarized by CryptoBipto
Blockchain analytics firm Arkham has traced approximately $63 million in funds stolen from cryptocurrency exchange Bitget to CoinJoin, a Bitcoin transaction mixing method. The tracing suggests the hackers are attempting to obscure the trail of the stolen funds. The full extent of the hack and recovery efforts remain unclear.
WHY IT MATTERS
When a cryptocurrency exchange gets hacked, the stolen funds can often be tracked on the blockchain because transactions are publicly recorded, like entries in a shared ledger anyone can read.
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SOURCES
- thedefiant.io
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