USDC
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USDT
−0.0%Investigator ties suspected $106 million crypto hack to stolen funds
Image: UnchainedA suspected $106 million crypto theft from an EU entity targeted accounts at multiple centralized exchanges. Onchain investigator ZachXBT traced the stolen funds moving as USDC and USDT. The suspect aggressively swapped stablecoins for ETH and bridged assets across multiple chains. Funds were also converted into privacy coin Monero. No victim or exchange has publicly confirmed the loss.
Key points
- Onchain investigator ZachXBT linked the stolen funds to a wallet that spent millions on ETH.
- The suspect converted parts of the stolen funds into Monero and bridged assets across multiple chains.
Why it matters
Large-scale crypto exploits targeting centralized exchange accounts highlight ongoing security risks for institutional and corporate digital asset holdings.
What's unclear
The specific identity of the victimized EU entity and the exchanges involved remain publicly unconfirmed.
The exact method used to access the accounts has not been disclosed.
Price context · ETH
At publication
$2,268.20
Now
$2,265.49
Change since
−0.12%
7 days · dashed line = publication
Sources · 2 publishers
The “Whale” Buying 27,553 ETH Overnight Was a Thief: ZachXBT Ties It to a Suspected $106 Million Crypto Hack
Unchained
Tier 1
$106 Million Suspected Stolen From EU Entity as Funds Flow Into Monero: ZachXBT
Coverage timeline
- First reported by 99Bitcoins
- Also reported by Unchained
- CryptoVideos brief published
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error
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NEXO
−3.0%
