ZachXBT says EU entity suspected of losing over $106m in attack

The story so far: Suspected EU entity crypto hack

ZachXBT says an EU entity was apparently attacked on 1 November, with over $106m stolen from centralised exchange accounts and funds swapped into ETH and monero. He now reports more than $27m in further abnormal withdrawals, bringing the total above $133m, with over $30m laundered before EU authorities acted.

1. 2 Nov 202612:30 UTC

   ZachXBT says EU entity suspected of losing over $106m in attack

   ZachXBT says an EU entity was apparently attacked on 1 November, with more than $106m stolen from centralised exchange accounts. He says the suspected attacker is swapping USDC for ETH and monero and moving funds across chains via bridges.

   StablecoinsOdailyAIBearish

2. 3 Nov 202607:41 UTC

   ZachXBT says suspected hacked EU entity hit by another $27m in withdrawals

   ZachXBT says a European institution previously suspected of being hacked saw more than $27m in further abnormal withdrawals from centralised exchanges, bringing the total to over $133m. He says the victim may be a large Western European financial institution concealing the incident, and that over $30m was laundered before EU authorities could act.

   RegulationPANewsAIBearish