After the September 24 hack of crypto exchange Bitget, about $3.9 million worth of stolen Zcash (ZEC) was transferred into Ironwood, a shielded pool that encrypts transaction details and obscures the trail. This move hides the sender, recipient, and amount, complicating efforts to trace the stolen funds. While most stolen ZEC remains on transparent addresses visible on the blockchain, the shielded portion represents about 15% of the stolen ZEC, making it harder for investigators to track. The EU will ban regulated exchanges from handling privacy coins like ZEC from July 2027, pushing holders to self-custody solutions for compliance.
Zcash saw about 15% of its stolen funds shielded in Ironwood after the Bitget hack. For readers following the broader cryptocurrency market, here is Pluang's snapshot as of Sep 30, 2026 22:03 WIB: out of 50 major cryptocurrencies, 9 rose and 40 fell. Notable movers include GRT at Rp516 with a 1-day change of -5.42%, FIL at Rp18.813 with a 1-day change of -5.28%, and CRV at Rp6.924 with a 1-day change of -4.60%.
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