Stolen Bitget Funds Route Through CoW Protocol, End in Bitcoin

Funds linked to a recent Bitget theft have been moved through CoW Protocol and Chainflip as part of their conversion into Bitcoin.

Automated scripts created orders on CoW Protocol, which then transferred the assets across blockchains through Chainflip before they could be exchanged for BTC.

The movement highlights the use of automated cross-chain routing to move stolen crypto assets. It involved funds taken from Bitget, although no specific amount was provided.