Bitget hacker transfers 19.48 million USD to new wallets amid laundering concerns

The attacker behind Bitget's September hack transferred approximately 19.48 million USD in cryptocurrency across 52 transactions between Oct. 21 and Oct. 24, primarily to newly created wallets with no prior transaction history, according to blockchain analytics firm Arkham Intelligence. BTC accounted for 19.33 million USD of the transfers. Since Oct. 15, wallets linked to the hacker have moved a total of 78.01 million USD to new addresses. It remains unclear if the funds are being laundered, as there is no confirmed evidence that the recently moved assets have entered exchanges or mixing services. Wallets associated with the hacker that Arkham is tracking still hold about 242.54 million USD in cryptocurrency, including 2,960.01 BTC valued at approximately 241.99 million USD. Bitget previously reported losses of about 388 million USD from the hack on Sept. 24.

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