crypto
Bitget Hack: Tracing the Stolen $387.5M in Crypto
BlockSec traced $387.5 million from the Bitget hack to Bitcoin, THORChain, and CoinJoin, with only $840,000 publicly frozen.
Blockchain security firm BlockSec has reportedly traced the movement of approximately $387.5 million stolen during the recent Bitget hack . According to Crypto.news, the stolen funds were tracked to various destinations, including Bitcoin, THORChain, and CoinJoin. A relatively small portion, about $840,000, has been publicly frozen following the incident.
This type of event highlights the ongoing security challenges within the cryptocurrency ecosystem, where large sums can be moved rapidly across different protocols and services. The ability to trace stolen funds is a critical aspect of incident response, though freezing them often proves more difficult, underscoring the complexities of digital asset recovery in decentralized environments.
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