POPA ReconThere has been a suspicious movement of funds involving Zcash.
There has been a suspicious movement of funds involving Zcash. A wallet deshielded 35.7K ZEC ($41M) and began moving the funds through what appears to be a laundering process. The funds were bridged via NEAR Intents and routed through several addresses to Bitcoin and Ethereum. Due to Zcash’s privacy features, it’s difficult to determine whether these are stolen funds. However, further tracing linked the suspected theft address to the @ILITY_xyz bridge, which was also drained of 4.1M $ILY tokens a few hours ago. The project has since announced a security breach on the ILITY Network and halt…
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