Zcash was trading at $1,436 at 2:08 p.m. ET on Sept.
Zcash traded at $1,453 on Binance spot at 11:23 a.m. ET (15:23 UTC) Sept.
Hackers linked to the $387.5 million theft at Bitget transferred 2,746 ZEC, equivalent to $3.9 million, to Ironwood, Zcash's shielded pool. The three transfers represent approximately 15% of the total ZEC stolen and were executed within a 31-minute window on September 30, 2026.
The Bitget hackers are testing a new route to move their $387.5 million loot out of recovery range as wallets tied to the suspected North Korean operators have pushed about $3.9 million into Zcash's newest privacy pool, Ironwood, early on Wednesday, September 30.
Zcash fell from $1,475 one hour earlier, while its 24-hour loss reached 0.52%.
ZEC was up 0.32% from 24 hours earlier, while short liquidations reached $1.05 million across three exchanges.
Three transfers pushed about 15% of the stolen ZEC into Ironwood, where payments hide their senders, recipients and amounts.
Unauthorized transfers totaled approximately $387.5 million. Eight transactions involving 246.74 ZEC were provisionally linked to Bitcoin swaps.
Zcash is attempting to stabilize near $1,400 on Wednesday after a sharp retreat from the recent high of $1,698. The privacy-focused cryptocurrency trades around $1,412 following three consecutive days of losses totaling approximately 15%. Although the decline has paused, weakening fund flows and bearish short-term indicators suggest buyers have yet to regain control. Attention is turning to whether ZEC can defend the area around $1,300 or recover above nearby moving averages before another wave of selling develops. ZCSH outflows interrupt strong early demand Grayscale's Zcash fund, trading under the ticker ZCSH, recorded $8.12 million in outflows Monday, according to SoSoValue data. Tuesday brought no net inflows, leaving the fund without a fresh positive contribution after the withdrawal.
The exchange says Zakura synchronized faster than Zebra as NU7 prepares to increase the pace of new Zcash blocks, pending testnet results.
The new Zakura nodes caught up with the network in just over six hours in Gemini's deployments. The crypto exchange's previous software took close to a day.
The ZCash Valour ETP launch gives European investors a regulated way to own exposure to ZEC crypto, one of the best-performing large-cap altcoins.