Arkham Intelligence data shows the hacker behind the September 24 Bitget breach moved 1,052.34 BTC, worth about $78.61 million, out of labeled wallets between November 6 and November 11, with about 80.5% routed through CoinJoin, crypto.news reported on November 11.
According to the report, 847.26 BTC ($63.43 million) entered 66 CoinJoin transactions, starting at 09:27 UTC on November 6. Of that, 579.80 BTC came directly from labeled wallets and 267.46 BTC passed through fresh addresses over one to six hops first. Another 205.08 BTC moved without CoinJoin, and 10 BTC went to Maya Protocol.
Arkham put the BTC remaining in tracked wallets at 959.29 BTC, about $71.44 million, and noted this is not a complete accounting of the attacker’s holdings. Daily outflows ranged from 16.75 BTC on November 8 to 296.74 BTC on November 11, counted through 11:58 UTC.
Bitget’s own tracker lists 72 CoinJoin transactions with 866.23 BTC in gross inputs through November 11, cryptonews.net reported. Bitget cautions that gross figures can double-count coins across mixing rounds, so they differ from Arkham’s tally. Cryptonews.net also noted that entering a CoinJoin does not by itself show that funds were cashed out or are unrecoverable.
Bitget revised its estimate of the breach from $351.6 million to $387.5 million. It named Mandiant and SlowMist as investigation partners and offers a 5% bounty for assets helped frozen and a separate 5% for assets helped recovered.
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Sources:
crypto.news: Bitget hacker moves $78.6M in BTC, mostly through CoinJoin
Cryptonews.net: Arkham Traces $63 Million in Bitget Hack Funds to CoinJoin
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