Arkham: $63M of Bitget Hack Funds Routed Into CoinJoin Mixing

Blockchain analytics firm Arkham reported that wallets it has labelled as belonging to the Bitget hacker moved 1,052.34 BTC, worth roughly $78.61 million, over six days, according to Arkham's post on X. Of that total, 847.26 BTC, valued at about $63.43 million, was routed into CoinJoin transactions, a mixing process that combines bitcoin from multiple users and complicates tracing of individual outputs, Arkham said.

The CoinJoin transfers began November 6, with Arkham counting 66 such transactions, according to PrimeXBT, which cited the Arkham update and noted the mixed amount represented about 80.5% of the tracked wallets' outflows. Arkham said the labelled wallets still held 959.29 BTC, worth approximately $71.44 million, as of its latest snapshot. TechFlow separately reported the same 1,052.34 BTC transfer and 847.26 BTC CoinJoin figure, citing Arkham monitoring.

The memecoin morning brief

Yesterday's top memecoin movers, launchpad numbers and the stories that matter. Free, every morning.

Email address

Get it free

Website

Privacy policy

Arkham's reporting does not establish whether the hacker has cashed out or attempted to cash out the mixed funds, nor does it give a complete accounting of all bitcoin the attacker may still control. PrimeXBT noted that Bitget's own tracking tool listed a different count, 72 CoinJoin transactions with 866.23 BTC in gross inputs over the same window, separate from Arkham's tally. The underlying breach, which Bitget has said cost the exchange approximately $388 million, was not detailed further in the cited updates beyond the ongoing fund movements.