Stolen Bitget Funds Converted to BTC via CoW, Chainflip: Report

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Stolen Bitget funds were reportedly routed through CoW Protocol and Chainflip and converted into Bitcoin, likely as part of an effort to obscure the assets’ trail. The activity highlights how cross-chain swap services can facilitate rapid laundering or movement of compromised crypto. The conversion could complicate recovery efforts and create additional monitoring and compliance risks for Bitcoin-related services.

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