Zcash today: 2,746 ZEC from the Bitget hack vanish into the Ironwood pool

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Wallets from the Bitget break-in pushed 2,746 ZEC into Zcash's Ironwood pool on Wednesday morning, roughly $3.9 million. What the shielding means for tracing, and what applies to your exchange account from July 2027.Part of the haul from the break-in at the exchange Bitget has been untraceable since Wednesday morning. Over the course of the morning, 2,746 ZEC moved in three transfers into Ironwood, the newest shielded pool on Zcash. At Wednesday midday prices that is roughly $3.9 million, and about 15 percent of the ZEC that left the exchange on September 24. For your own holdings nothing follows from this for now: anyone who holds ZEC in their own wallet is untouched by these transfers. The practical question sits elsewhere, and it concerns everyone who buys or sells ZEC through an exchange account. The movement was reported by the pseudonymous blockchain investigator ZachXBT, who made the three transfers public on Wednesday through his Telegram channel. CoinDesk then traced th...