Bitget exploiter attempted to launder stolen funds through Chainflip but was rejected at the broker interface and refunded.
Security & Exploits ·
On-chain monitoring by SlowMist's tracking arm MistTrack observed that the actor behind the Bitget exploit attempted to route stolen funds through Chainflip, a cross-chain liquidity protocol. The transaction encountered a rejection at the broker interface, with the system returning the deposit directly to the sender rather than freezing the capital.
The refund mechanism prevented the attacker from using Chainflip to move the proceeds further, effectively blocking this particular laundering pathway. The protocol's handling of the rejected deposit—through automatic refund rather than capital lockup—meant no additional intervention was required to stop the flow.
What remains unclear is whether the exploiter has attempted alternative routes to move the stolen funds, or what the total value of the Bitget exploit proceeds represents.