Kraken Restricts Accounts After Suspected $133M Crypto Theft
Summary
A suspected crypto theft from an unidentified European entity is estimated at more than $133 million, up from an initial estimate above $106 million after investigators traced another $27 million in withdrawals. Kraken restricted linked accounts and is cooperating with law enforcement; Crypto.com blocked associated funds, while OKX is investigating. Blockchain analysis found about $62.98 million in stablecoins converted to ETH, with funds also moved through bridges and instant exchanges, and some converted to Monero. Analysts estimated $78.3 million remained in suspect-linked wallets, while portions of USDC and USDT were frozen. The victim’s identity and claims of delayed disclosure remain unverified, and the investigation is ongoing.
