On-Chain Data Shows Increasing Number of Hackers Moving Stolen Funds to Zcash for Laundering

On-chain analyst Specter noted that following ZachXBT's disclosure regarding the Bitget exploiter shielding stolen assets via Zcash (ZEC), multiple other threat actors have begun channeling stolen proceeds into ZEC. These flows include illicit funds traced from the Cryptobills Ledger security incident and the $12 million Triple-A exploit, signaling that attackers are actively leveraging Zcash's privacy features for money laundering and obfuscation. — link