Kraken freezes accounts linked to $133m hack at EU institution

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 later reported more than $27m in further abnormal withdrawals, bringing the total above $133m. Kraken has now restricted accounts linked to the hack…

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.

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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.

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3. 3 Nov 202612:29 UTC

   Kraken freezes accounts linked to $133m hack at EU institution

   Kraken says it restricted accounts linked to a cryptocurrency hack of more than $133m at a European Union institution, adding that the breach did not happen on its platform. Crypto.com also blocked related fund movements and OKX is reviewing the matter.

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