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Protocols earned $761K in fees laundering $387.5M stolen in Bitget hack, with $260K linked to suspicious THORChain affiliates.

Market News
06 Oct 2026
Crypto news
View Source
Bearish
Protocols earned $761K in fees laundering $387.5M stolen in Bitget hack, with $260K linked to suspicious THORChain affiliates.

Protocols and services involved in laundering funds stolen from Bitget's $387.5 million hack collected $761,725 in fees, according to independent researcher Andrey Sergeenkov. THORChain liquidity providers earned $573,226, MetaMask $149,417, Chainflip $26,751, and CoW EthFlow $12,332. Sergeenkov traced $259,718 in THORChain affiliate fees to seven addresses showing additional financial links to wallets moving the stolen funds, with some fees eventually reaching an OKX hot wallet. This analysis highlights the complex fee flows in laundering stolen crypto and may assist exchanges in tracking illicit funds, though ownership of linked addresses remains unconfirmed.

The Bitget hack laundering and associated fee flows provide context for crypto market activity. For readers following cryptocurrency trends, here is Pluang's market snapshot as of Oct 06, 2026 13:41 WIB: out of 50 major cryptocurrencies priced on Pluang, 14 rose and 35 fell today. Notable movers include YFI at Rp44.379.516 with a 1-day change of -4.72% and Pluang order activity of 96% Sell / 4% Buy, CRV at Rp6.515 with a 1-day change of -4.70% and Pluang order activity of 87% Sell / 13% Buy, and CAKE at Rp43.636 with a 1-day change of -4.32% and Pluang order activity of 55% Sell / 45% Buy.

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