CoinDesk’s review of transaction records found that 2,746 ZEC entered Ironwood, Zcash’s newest shielded pool, in three transfers between 08:15 and 08:46 UTC
Pseudonymous blockchain investigator ZachXBT first flagged the movements earlier Wednesday. The money came through two intermediary addresses funded by a wallet that Bitget identified as belonging to the attacker, he said, which received nearly 18,917 ZEC during the Sept. 24 breach
Zcash offers both public and private payments. Investigators can see the amount crossing into Ironwood, but transfers inside the shielded pool hide the sender, recipient and amount
If funds later return to a public address, the amount leaving the pool becomes visible again. Investigators can compare those entry and exit points using timing, amounts and other metadata, but Zcash itself does not expose a transaction trail linking one to the other
The three deposits represent about 15% of the stolen ZEC. Other proceeds have moved across blockchains through swap services: CoinDesk previously traced about $6.3 million in ether-to-bitcoin swaps through THORChain from one attacker-linked wallet. Those swaps left a public record of the incoming ether and outgoing bitcoin
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years
