Arkham Traces $63 Million in Bitget Hack Funds to CoinJoin
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Arkham traced 847.26 BTC of the roughly $63 million drained from Bitget into CoinJoin mixing transactions and identified another 959.29 BTC sitting in labelled wallets as recovery efforts continue. The attribution matters because CoinJoin obscures the transaction trail, complicating Bitget's ability to claw back user funds and giving exchange analysts a clearer map of where the stolen bitcoin moved. Watch for further Arkham labelling of the remaining wallets and for Bitget's next recovery update as it pursues the mixed coins.
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Arkham, Bitget, Bitcoin (BTC)
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