Bitget Hacker Turns to Zcash Privacy Pool After Near Rejects $50M in Swaps

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: Decrypt
Bitget Hacker Turns to Zcash Privacy Pool After Near Rejects $50M in SwapsWorldPing
Image via Decrypt.

What happened

The attacker behind the $387.5 million Bitget heist has started hiding about $3.8 million in ZEC inside Zcash's Ironwood pool, after Near Intents turned their swaps away.

Key facts

  • The attacker behind the $387.5 million Bitget heist has started hiding about $3.8 million in ZEC inside Zcash's Ironwood pool, after Near Intents turned their swaps away.
  • Reported by Decrypt and published Wed, 30 Sep 2026 19:46:04 UTC.

Why it matters

Digital-asset markets react to catalysts within minutes, and liquidity, ETF flows and regulatory signals are usually what decide whether a move sticks.

What to watch next

  • Whether spot volume and open interest confirm the move
  • Liquidation clusters around the current price
  • ETF flow data and any regulatory follow-up

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. Bitget Hacker Turns to Zcash Privacy Pool After Near Rejects $50M in Swaps

  2. Bitget’s hackers turn to Zcash after $50 million laundering route gets blocked

  3. FBI Tells Its Employees to Assume Hackers Have Their Personal Data

  4. Standard Chartered says Ethena’s ENA could crush Bitcoin and Ethereum returns by 2028

  5. Bitcoin Privacy Breakthrough a Zcash Killer? | Misha Komorov, Alloc Innit

  6. CFTC seeks to define event contracts as swaps amid prediction market fight

  7. Grayscale: XRP’s Near-6% Bitcoin Valuation Sets a Benchmark for Zcash

Sources

The original report was published by Decrypt. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at Decrypt

Related WorldPing coverage

Bitcoin Privacy Breakthrough a Zcash Killer? | Misha Komorov, Alloc InnitWorldPing
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Bitcoin Privacy Breakthrough a Zcash Killer? | Misha Komorov, Alloc Innit

Bitcoin Magazine Bitcoin Privacy Breakthrough a Zcash Killer? | Misha Komorov, Alloc Innit Misha Komarov explains Shielded Bitcoin—a proposed ZK privacy protocol using Bitcoin PIPEs to hide transactions with no soft fork needed.

Brief by WorldPing · Original reporting by Bitcoin Magazine