Digital Currency

Add as a preferred source on Google

Bitget-Linked Bitcoin Addresses Send 847.26 BTC Into CoinJoin

The addresses recorded 1,052.34 BTC in total movement over six days and retained 959.29 BTC, valued at about $71.44 million.

Updated 1 min read
An analyst traces Bitcoin transaction paths on a laptop in Singapore after dark. / TokenPost.ai (mono)
An analyst traces Bitcoin transaction paths on a laptop in Singapore after dark. / TokenPost.ai (mono)

A balance of 959.29 Bitcoin (BTC) remained in addresses associated with Bitget’s Sept. 24 security incident after 847.26 BTC was sent into CoinJoin during a six-day period. The figures show both the amount directed to the mixing process and the Bitcoin still held at the addresses.

Total movement from the addresses reached 1,052.34 BTC, valued at about $78.61 million. The CoinJoin-bound amount was worth about $63.43 million, while the remaining balance was valued at about $71.44 million. CoinJoin is a mixing method that makes links between Bitcoin transfers harder to see.

Bitget valued the incident at about $387.5 million, up from its earlier estimate of $351.6 million. The exchange revised the estimate after adding assets held on Zcash and TRON.

Related articles

View all