On Nov. 2, on-chain investigator ZachXBT reported a suspected theft of more than $106 million from an EU-based entity. The unauthorized withdrawals, made on Nov. 1 from accounts at multiple centralized exchanges, involved USDC, USDT, and Ethereum. On Nov. 3, the estimate rose to $133 million after an additional $27 million in exchange withdrawals was identified. ZachXBT said the funds were moved through various services and converted into Monero to obscure their trail.
The tracing took place on Nov. 1 and 2, while an earlier report put suspected losses above $106 million, without independent confirmation or disclosure of the European entity’s identity.
Read the full storyZachXBT said the attack targeted multiple accounts on centralized exchanges on November 1; the report traced the funds across several assets and services.
On-chain investigator ZachXBT reported unauthorized withdrawals of stablecoins and Ethereum from centralized exchange accounts on November 1.