ZachXBT Flags Suspected $106 Million-Plus Theft From Unidentified EU Entity's Exchange Accounts
Onchain investigator ZachXBT flagged a suspected theft of more than ZachXBT Flags Suspected $106 Million-Plus Theft From EU Entity.
from an unidentified EU entity’s crypto exchange accounts, according to The Defiant and CoinDesk.
The investigator said funds withdrawn from multiple exchange accounts were swapped into ETH and routed through instant exchanges, Monero, and cross-chain bridges, according to The Defiant.
Decrypt reported the loss occurred on a Sunday and came days after a hack targeting Binance, though the two incidents have not been linked.
Separately, Cointelegraph reported that a wallet associated with a Solana arbitrage bot may have lost Crypto investigators flag suspected $106M theft, $786K Solana bot drain.
in an unrelated drain, which ZachXBT also flagged.
The identity of the affected EU entity has not been disclosed, and the source of the exchange account compromise remains unconfirmed.
Sources: The Defiant, CoinDesk, Decrypt, Cointelegraph
This article is for information only and is not financial advice.
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