Bitget Stolen Funds Passed Through Wasabi CoinJoin

A security breach at Bitget led to the transfer of approximately $387.5 million in assets, mostly Zcash and TRON, according to the exchange's latest estimates.

Blockchain compliance firm AMLBot has been tracing the movement of these funds, which include roughly 4 BTC that passed through a Wasabi CoinJoin transaction round.

The stolen assets moved from TRON through USDT0 on Ethereum before being swapped into approximately 145 ETH, which was then converted to around 4.59 BTC and divided into smaller amounts before entering the CoinJoin round.

AMLBot characterized this activity as an attempt to launder the stolen funds through Wasabi CoinJoin, and has blacklisted the linked addresses.