The Bitget hacker has moved $78.61 million in Bitcoin out of labeled wallets since Nov. 6, according to Arkham. About 80.5% of that Bitcoin entered CoinJoin transactions.
The Bitget hacker moved $78.61 million in Bitcoin out of labeled wallets over six days, and most of it entered CoinJoin transactions, according to Arkham. The blockchain intelligence firm counted 1,052.34 BTC leaving the wallets between Nov. 6 and Nov. 11.
Outflows climb toward 300 BTC a day
Arkham put average outflows since Nov. 6 at 175.39 BTC, or $13.10 million, a day. Activity slowed to 16.75 BTC on Nov. 8, but then rose to 206.31 BTC on Nov. 9, 238.79 BTC on Nov. 10 and 296.74 BTC on Nov. 11.
The Nov. 11 figure was the largest of the period, even though its reporting cutoff fell before midday UTC. Wallets still held 959.29 BTC worth $71.44 million at the latest snapshot.
CoinJoin takes four-fifths of the Bitcoin moved
Of the Bitcoin that left the wallets, 847.26 BTC entered 66 CoinJoin transactions. Arkham traced 579.80 BTC directly from labeled wallets, while another 267.46 BTC passed through fresh addresses over one to six hops.
Earlier tracing found the same pattern on a smaller scale. In September, AMLBot linked roughly four BTC to CoinJoin and described the route as an apparent effort to obscure stolen assets.
Unmixed funds sit across 250 addresses
Arkham classified another 205.08 BTC, worth $15.18 million, as moved but not CoinJoined. Of that, 172.33 BTC remained unspent across 250 addresses, and 10 BTC went to Maya Protocol.
Bitcoin made up more than 99% of a $71.86 million portfolio in the wallets still holding assets. The rest includes 241,026 USDT and 134,456 USDC, two stablecoins.
The movements follow the Sept. 24 breach, which Bitget valued at $387.5 million after revising its first estimate of $351.6 million. Bitget said the revision added Zcash and TRON assets and did not reflect further unauthorized withdrawals.
Source: crypto.news
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