Arkham Traces $63 Million in Bitget Hack Funds to CoinJoin
AI summary
Arkham traced 847.26 BTC of the roughly $63 million stolen in the Bitget hack into CoinJoin mixing transactions, and flagged another 959.29 BTC sitting in labelled wallets. The movement through mixers complicates recovery efforts and signals the attackers are actively laundering funds. Traders should watch for further laundering activity and any exchange or law-enforcement response, since unresolved exchange breaches weigh on confidence in centralized platforms.
