- Cryptocurrency hackers are increasingly using privacy coin Zcash (ZEC) to hide the flow of stolen funds.
- Some of the funds stolen in the Cryptobills Ledger security breach and the $12 million Triple-A hack appear to have been moved into Zcash.
- The attackers appear to be using Zcash’s privacy features to launder funds and evade transaction tracing.
Forecast Trend Report by Period
Cryptocurrency hackers are increasingly using privacy coin Zcash (ZEC) to conceal the trail of stolen funds, according to an analysis.
Wu Blockchain said in a post on X on Oct. 17, citing analysis by on-chain analyst Specter.
Specter said the trend has spread since on-chain investigator ZachXBT…
