After Near Rejects $50M Swaps, Bitget Hacker Turns to Zcash Pool
Bitget Hacker Turns to Zcash Privacy Pool After Near Rejects $50 Million in Swaps
The hacker linked to the Bitget incident has turned to a Zcash privacy pool after the Near network rejected swap attempts involving nearly $50 million.
The move follows efforts to exchange the affected assets through Near. With those swaps rejected, the hacker appears to have shifted activity toward Zcash’s privacy-focused infrastructure, which is designed to obscure transaction details.
The development highlights the challenges facing blockchain investigators and exchanges when stolen funds move across networks and into privacy-oriented systems. Rejected swaps can disrupt attempts to convert or transfer assets, but they do not necessarily end efforts to move the funds.
The incident also underscores the broader role of cross-chain bridges, swap services and privacy pools in crypto-related security investigations. These tools can serve legitimate users, while also complicating the tracing and recovery of assets connected to hacks.
