The Bitget hacker moved $78.61 million in Bitcoin from tracked wallets between Nov. 6 and Nov. 11. In an X post, blockchain analytics firm Arkham reported that $63.43 million in Bitcoin had moved through CoinJoin transactions, which combine inputs from multiple users.
Those transactions accounted for 847.26 BTC, or about 80.5% of the Bitcoin that left the tracked wallets. Arkham traced 579.80 BTC directly from the labeled wallets. Another 267.46 BTC passed through intermediary addresses before reaching CoinJoin.
When Bitcoin Outflows Peaked
Daily transfers climbed for three straight days after falling to 16.75 BTC on Nov. 8. The largest outflow came on Nov. 11, when 296.74 BTC worth $21.83 million left the wallets by 11:58 UTC.
Of the 205.08 BTC Arkham tracked in other transfers, 172.33 BTC remained unspent across 250 addresses. Bitcoin also made up more than 99% of the $71.86 million that the labeled wallets still held.
How Bitget Is Pursuing Recovery
Bitget initially valued the assets taken in the Sept. 24 breach at $351.6 million. After counting Zcash and TRON assets it had omitted from the first tally, the exchange raised the figure to $387.5 million.
Under its recovery program, Bitget offers eligible participants 5% of the funds they directly help freeze and a separate 5% of the funds they directly help recover. The exchange said in September that it had fixed the vulnerability and was working with Mandiant and SlowMist on the investigation.
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