Protocols and services used to move funds stolen from Bitget have collected $761,725 in fees during the laundering process, while an independent researcher has traced $259,718 in THORChain affiliate fees to recipients with additional financial links to wallets involved in the swaps.
According to research shared with crypto.news by independent researcher Andrey Sergeenkov, the analysis covered transactions through Oct. 2 at 10:22 UTC and examined both the services used to exchange the stolen assets and the addresses named as fee recipients in THORChain swap instructions. The findings follow the Sept. 24 theft from Bitget’s hot and warm wallets, which the exchange later valued at approximately $387.5 million.
Sergeenkov calculated that THORChain liquidity providers received $573,226 from swaps involving the stolen funds. MetaMask collected another $149,417, while Chainflip received $26,751 and CoW EthFlow received $12,332, according to the transaction data presented in his research.
