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CryptoMediumUpdated•Originally published 2 November 2026•Updated 2 November 2026•
1 min read

Investigation Into $106M Crypto Theft Linked to EU Entity

Key Facts

1On-chain investigator ZachXBT reported a suspected theft of over $106 million in cryptocurrency involving an EU-based entity.
2The incident involved unauthorized withdrawals of USDC, USDT, and Ethereum from centralized exchange accounts on November 1.

On-chain investigator ZachXBT reported a suspected theft of over $106 million in cryptocurrency involving an EU-based entity. Hokanews reported that the incident involved unauthorized withdrawals of USDC, USDT, and Ethereum from centralized exchange accounts on November 1, 2026.

The suspected stolen funds were identified being laundered through various services and converted into the privacy-focused cryptocurrency Monero. This security breach follows recent data showing EU Economic Sentiment at 96.9 on October 29, 2026, which was lower than the forecasted 97.5.

Latest Updates · 1

  1. Notable·

    Update: Lookonchain flagged that the address linked to the theft purchased 27,553 Ether, valued at approximately $62.97 million, on November 2, 2026. This transaction marks a specific movement of the stolen assets following the initial unauthorized withdrawals from centralized exchanges.