Bitget Hack Funds Flow into CoinJoin Service, Tracing Made Difficult
The Bitget hack has taken another twist as about 4 BTC linked to the incident appears to have been funneled into CoinJoin service, making transactions harder to trace.
According to AMLBot, a blockchain analytics firm, the funds were converted from Tron (TRX) into Tether (USDT) and then moved to the Ethereum network through USDT0. They were later exchanged into about 145 Ether and then converted into about 4.59 BTC through cross-chain liquidity protocol THORChain.
The Bitcoin was then split across multiple addresses before being sent to CoinJoin, a service provided by Wasabi Wallet that combines Bitcoin transactions from multiple users into a single transaction, making it harder to track individual funds.
AMLBot has blacklisted the related wallet addresses and is continuing to track whether the attacker uses CoinJoin again for Bitcoin still in its possession.