Bitget attacker’s Chainflip transfer attempt fails after broker rejects deposits

  • A wallet linked to the Bitget breach attempted to transfer about 100 SOL through Chainflip.
  • Chainflip’s broker rejected the deposit and returned the funds rather than completing the transfer.
  • SlowMist founder Yu Xian said automated laundering groups can reroute funds faster than AML and KYT controls respond.

A wallet linked to the Bitget breach attempted to move about 100 Solana (SOL) through Chainflip, but the broker rejected the deposit and returned the funds. SlowMist founder Yu Xian, also known as Cos or Cosine, said Chainflip is making significant efforts to prevent North Korean hacking groups from laundering stolen assets, although its anti-money-laundering and know-your-transaction responses can lag automated fund movements. He said the groups rapidly disperse assets across chains, test alternative routes after transactions are blocked or returned, and may eventually convert funds into Bitcoin and use CoinJoin to obscure their origin. MistTrack said the rejected deposit did not result in a successful transfer and the assets were not frozen.

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