Bitget Hacker money laundering incident resulted in $761,700 in fees
2026-10-06 15:41:14
CoinMeta data: During the hacking and money laundering process by Bitget, relevant protocols and services collected a total of $761,725 in fees. Independent researcher Andrey Sergeenkov traced $259,718 in ancillary fees related to Thorchain; these fees had additional financial connections to the addresses involved in the money laundering. The analysis covered transactions up to October 2nd and examined the services used for exchanging stolen assets as well as the addresses that received these fees. Sergeenkov calculated that liquidity providers Thorchain earned $573,226 in fees from exchanges involving stolen funds. MetaMask collected $149,417, Chainflip collected $26,751, and Cow ETHFlow collected $12,332. Research by Sergeenkov also found that the addresses that received the ancillary fees Thorchain were linked to the money laundering activities.
Source:Cryptonews
This content is for market information only and does not constitute investment advice.
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