In brief
- An unnamed EU entity is suspected of losing more than $106 million from multiple centralized exchange accounts on Nov. 1, ZachXBT said, with the funds withdrawn as USDC and USDT.
- The thief has since swapped stablecoins for ETH, used instant exchanges, converted funds to Monero and bridged assets across chains.
- ZachXBT said with “a high degree of confidence” that the attacker isn’t North Korea’s Lazarus Group, setting the theft apart from the $6.4 billion Binance hack.
Another nine-figure theft has hit crypto, just days after the biggest heist in the industry’s history.
An unnamed entity in the European Union is suspected of losing more than $106 million from several of its accounts on centralized exchanges on Sunday,…
