Zcash Private Pool Swells by $4 Million After Bitget Hack

Bitget hackers have moved $4 million into Zcash's private pool, making it harder for authorities to trace the stolen funds.

Zcash is a privacy-focused cryptocurrency that allows users to send and receive transactions without revealing their identities or transaction amounts.

The hack occurred on Bitget, a popular cryptocurrency exchange based in Singapore. The thieves exploited a vulnerability in the exchange's system and made off with a significant amount of Zcash.

The hackers then transferred $4 million into Zcash's private pool, which is designed to provide an additional layer of anonymity for transactions.