Suspected EU crypto theft estimate rises to $133M: ZachXBT
Summary
ZachXBT raised his estimate of a suspected theft from an unidentified EU entity to more than $133 million, after identifying another $27 million in exchange withdrawals. He suspects a Western European financial institution was exploited, but the victim’s identity and alleged cover-up remain unverified. Bitquery tracked $62.98 million in stablecoins converted to 27,553 ETH; about $78.3 million remained in linked wallets, while $30.5 million had left tracked addresses. ZachXBT said delayed disclosure may have enabled laundering and described transfers through instant exchanges and bridges into ETH and Monero.
