ZachXBT Flags Suspected $106 Million-Plus Theft From EU Entity
11 outlets · first seen 2d ago · latest 1h ago
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The Defiantfirst seen
ZachXBT Flags Suspected $106 Million-Plus Theft From EU Entity
The investigator says funds withdrawn from multiple exchange accounts were being swapped into ETH and routed through instant exchanges, Monero and cross-chain bridges.…
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Crypto Briefing
EU entity may have lost over $106M in theft across centralized exchange accounts
The incident highlights vulnerabilities in centralized exchanges and the challenges of tracing funds through privacy-focused cryptocurrencies, impacting regulatory scrutiny and security measures. The post EU entity may have lost over $106M in theft across centralized exchange accounts appeared first on Crypto Briefing.
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BeInCrypto
$106 Million Crypto Theft Hits EU Entity With Multiple Exchange Accounts
An unidentified organisation in the European Union may have lost more than $106 million from accounts held at several crypto exchanges on November 1. Millions of dollars then moved through cryptocurrency wallets within minutes. Blockchain investigator ZachXBT raised the alarm on Monday. The suspected attacker reportedly withdrew USDC and USDT, two cryptocurrencies designed to maintain a value of $1. BeInCrypto’s…
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Unchained
$106 Million Suspected Stolen From EU Entity as Funds Flow Into Monero: ZachXBT
More than $106 million may have been stolen on Nov. 1 from an EU entity’s accounts at multiple centralized exchanges, according to onchain investigator ZachXBT, who said he is highly confident the culprit is not North Korea’s Lazarus Group. In a community alert posted to his Telegram channel on Nov. 2, ZachXBT said the suspected thief pulled the funds out…
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CryptoPotato
Over $106M in Crypto Stolen From EU Entity? ZachXBT Tracks Attacker’s Laundering Trail
It seems like the crypto industry can’t catch a break, with one security incident after another. Interestingly, this time, the notorious Lazarus Group may not be behind it. Blockchain investigator ZachXBT has now flagged a suspected theft of more than $106 million involving multiple centralized exchange accounts linked to an unnamed EU entity on November 1. Movement of Funds According…
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CoinDesk
EU entity suspected of losing $106 million from crypto exchange accounts, ZachXBT says
The unidentified attacker moved funds through ether, instant exchanges and Monero, but the victim and affected exchanges remain unknown.
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Decrypt
Mystery $106 Million Crypto Theft Hits EU Entity Days After Binance Hack
Onchain investigator ZachXBT says an unidentified EU entity lost more than $106 million from centralized exchange accounts on Sunday,.
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Cointelegraph
Crypto investigators flag suspected $106M theft, $786K Solana bot drain
A European entity may have lost $106 million from exchange accounts, while a wallet associated with a Solana arbitrage bot may have lost another $786,000.
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Cointelegraph
Suspected EU crypto theft estimate rises to $133M: ZachXBT
ZachXBT identified another $27 million in exchange withdrawals, some of which occurred after he first flagged the suspected crypto theft.
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crypto.news
ZachXBT alleges cover-up as suspected crypto theft tops $133M
Blockchain investigator ZachXBT has raised the estimated value of a suspected cryptocurrency theft involving an unidentified European entity to more than $133 million after tracing another $27 million in withdrawals from centralized exchanges. In a November 3 update, ZachXBT said…
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Unchained
ZachXBT Suspects Cover-Up as Tally on Suspected EU Theft Climbs to $133 Million
Onchain investigator ZachXBT now puts a suspected theft from an EU entity at more than $133 million, up from the more than $106 million in his first alert, after he traced another $27 million-plus in centralized exchange withdrawals by the same actor. In the follow-up post on his Telegram channel, ZachXBT wrote that “a portion of the CEX withdrawals occurred…
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Crypto Briefing
ZachXBT names Crédit Mutuel Arkéa as suspected victim of $133M exploit
The incident highlights the urgent need for rapid response and transparency in financial institutions to mitigate crypto-related thefts. The post ZachXBT names Crédit Mutuel Arkéa as suspected victim of $133M exploit appeared first on Crypto Briefing.
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Cointelegraph
ZachXBT identifies French bank as alleged victim of $133M crypto theft
The French bank has not confirmed its alleged involvement in the crypto theft, which ZachXBT said could have resulted in losses exceeding $133 million.
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The Block
French bank Crédit Mutuel Arkéa exploited for over $133 million, ZachXBT says
ZachXBT said he has a 'high degree of confidence' that the attacker is not associated with North Korea's Lazarus Group.
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BeInCrypto
ZachXBT Tracked a $133M Crypto Theft for Two Days. Then He Named the Victim
On-chain investigator ZachXBT has named French cooperative bank Crédit Mutuel Arkéa as the alleged victim of a crypto theft. He estimates the losses at more than $133 million. Crédit Mutuel Arkéa had not issued a public statement at the time of writing. ZachXBT also suspects the final figure is larger once over-the-counter (OTC) trades are counted. How a $106 Million…
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CoinDesk
ZachXBT names French bank Crédit Mutuel Arkéa as suspected victim of $133 million crypto theft
Blockchain sleuth ZachXBT says the French bank may have lost more than $133 million from crypto exchange accounts. Crypto.com confirms it has blocked funds linked to the theft.
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Blockonomi
Crédit Mutuel Arkéa Named in $133M Crypto Theft as Stolen Funds Flow Into Monero
TLDR Onchain investigator ZachXBT named French bank Crédit Mutuel Arkéa as the alleged victim of a crypto theft worth more than $133 million. The funds were taken from multiple centralized exchange accounts as USDC and USDT over several days. The attacker swapped USDC for ETH, used instant exchanges, and converted funds to Monero through Wagyu. ZachXBT said he is highly…
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Unchained
ZachXBT Says Exchange Accounts Drained of Over $133 Million Belonged to Crédit Mutuel Arkéa
Onchain investigator ZachXBT has alleged that the European financial institution he says lost more than $133 million in a suspected crypto drain is Crédit Mutuel Arkéa, a French banking group. In an update posted to his Telegram channel, ZachXBT wrote that the victim “is allegedly Credit Mutuel Arkea, a French bank with $235B in assets.” He added that “the attack…
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Decrypt
ZachXBT Names French Bank Crédit Mutuel Arkéa as Alleged Victim of $133M Crypto Theft
The onchain investigator says the theft is being "covered up," and that a lack of disclosure let more than $30 million be laundered.