Mystery $106 Million Crypto Theft Hits EU Entity Days After Binance Hack
Summary
An unnamed EU entity is suspected of losing more than $106 million in stablecoins from centralized exchange accounts, according to onchain investigator ZachXBT. The attacker moved funds through swaps, instant exchanges, Monero and cross-chain bridges to obscure their trail. ZachXBT published 11 linked Ethereum addresses and said the culprit is likely not North Korea’s Lazarus Group. It remains unclear whether any funds were frozen. The theft comes amid a week of major crypto security incidents, including a record Binance hack and a reported $40 million breach at Brazilian exchange Mercado Bitcoin.
