Bitget Hack Funds Shielded in Zcash as Price Drops
Zcash (ZEC)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that hackers behind the Bitget breach, allegedly linked to DPRK attackers, have moved a portion of their stolen funds into a private payment system to make the money harder to track. ZachXBT states that around 2,700 $ZEC, worth $3.8M, has started moving into Zcash’s Ironwood shielded pool. This transaction activity is part of the broader hack that drained $387.5 million from the exchange. The movement into the shielded pool means the stolen ZEC is now being pushed into a pool where transaction details are obscured.
How the market reacted
Whalio's own Binance spot order flow for ZEC, measured when this story was written up on 30 September 2026. Not the outlet's figures.
Zcash is trading at $1,417.36 with a 24-hour buy ratio of 46.0%, indicating that buying pressure is currently fading compared to the stronger 1-hour reading of 43.1% and the 4-hour reading of 44.2%. The volume delta shows a net outflow of -$3,284,194 in the last hour and -$3,322,546 over four hours, reflecting a short-term trend of sellers dominating the market. Over the full day, the volume delta sits at -$24,070,184, with a Cumulative Volume Delta of -$15,960,597 at the close, confirming that selling pressure has outweighed buying for the majority of the period. Net buying occurred in only 9 of the 24 hours, suggesting that the market has been predominantly bearish throughout the day.
The latest daily buy ratio of 52.9% sits at the 82nd percentile of the last 322 days, against a median of 50.2% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for ZEC, averaged over the days leading up to the story.
Over the preceding week, the buy ratio averaged 51.2%, meaning today’s 24-hour ratio of 46.0% is 5.2 percentage points lower than the weekly average. This indicates that today is an unusual day for the coin, characterized by weaker buying interest compared to the recent norm. Spot volume for the day was $307,492,478, which is 0.83 times the weekly average, showing reduced trading activity. While the 8-day volume delta was positive at +$26,585,215, the price has dropped 13.0% over the eight-day period. Net buying occurred on only 4 of the 7 days in the preceding week, highlighting a generally mixed but recently weakening trend.