On-chain analyst Specter reports that multiple threat actors beyond the Bitget hacker have begun moving stolen funds into Zcash (ZEC) after ZachXBT's disclosure. The traced illicit flows include funds connected to the Cryptobills Ledger security incident and the $12 million Triple-A exploit. According to Specter, the pattern suggests attackers are actively using Zcash's privacy features to launder and obscure stolen proceeds.

AI summary of the linked source — not editorial content.

Story signal · how it spread on X · via Elfa

as of
Spread
i
Distinct X and Telegram accounts Elfa counted behind this story’s reports, summed over the thread. Not posts, not impressions.
5 accounts

1 report
first post
Leviathan +14.4 h later

ZEC reaction
i
Price change from the first post to 24 hours later (Hyperliquid). BTC over the same window is shown so a market-wide move is not mistaken for a reaction to this story. Not advice.
−3.1% 24h after post

$1,174 → $1,137
BTC +0.1% same window
Elfa measured −4.8% 1d · still measuring

BGB reaction
i
Price change from the first post to 24 hours later (CoinGecko). BTC over the same window is shown so a market-wide move is not mistaken for a reaction to this story. Not advice.
−1.0% 24h after post

$1.90 → $1.88
BTC 0.0% same window

Thread · 2 events · started 12 Oct 12:04 · last update 17 Oct 11:40
  1. Thread startPosts claim stolen funds were traceable through Zcash’s shielded pool2 acc.
  2. UpdateHackers reportedly use ZEC to shield and move stolen funds5 acc.
  3. Leviathan published this article

All times UTC.

Cited posts

  • @SpecterAnalyst SpecterFirst reportOn X ↗

    Since ZachXBT posted about the Bitget attacker shielding stolen funds via Zcash (ZEC), we’ve seen other stolen funds flow into ZEC, including funds from the Cryptobills Ledger incident and the $12M Triple-A hack. Threat actors are actively using ZEC to move stolen funds. Stay…

  • @wublockchain12 吴说区块链On X ↗

    吴说获悉，链上分析师 Specter 发文指出，自链上侦探 ZachXBT 披露 Bitget 攻击者利用隐私币 Zcash（ZEC）隐藏被盗资产后，链上观察到越来越多黑客正在将赃款转移至 ZEC 网络洗钱，其中包括 Cryptobills Ledger 供应链攻击事件以及 Triple-A 1200 万美元被盗案的涉案资金；黑客组织目前正积极利用…

  • @WuBlockchain Wu BlockchainOn X ↗

    On-Chain Data Shows Increasing Number of Hackers Moving Stolen Funds to Zcash for Laundering On-chain analyst Specter noted that following ZachXBT's disclosure regarding the Bitget exploiter shielding stolen assets via Zcash (ZEC), multiple other threat actors have begun…

2 more accounts posted about this · 2 Telegram channels (no public link)

TradersTrader calls tracked by Elfa · not advice

Positioning · ZEC

Open1,133 open positions · 1,015 long · 118 short

Tracked accounts lean long about 97% of the time, so a long-heavy book is normal, not a signal. As of 18 Oct 00:44 UTC.

Reaction since the first post

Since 17 Oct 11:10 UTC4 calls opened · 2 long · 2 short

Callers with a scored record

@theCryptera long · entry $1,133alpha −0.051 · 55% hit rate · 29 scored

Alpha, hit rate and sample size exactly as Elfa reports them.

Whole crypto market, not this story

Crowding88th percentile · vs last 28 days, 50 typical
Pulse 24h8/100 · unusualness of new calls, 0–100, 50 typical, higher means more long than usual
Book97.4% long · 11,296 accounts

As of 18 Oct 01:35 UTC.

Social-monitoring data, not investment advice Elfa prices CoinGecko prices Hyperliquid post text from Xas of

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