COINTELEGRAPH · 2026-11-02 21:16 UTC

Crypto investigators flag suspected $106M theft, $786K Solana bot drain

Blockchain investigator ZachXBT reported a suspected $106M theft from multiple cryptocurrency exchange accounts in the EU on Sunday, with stolen USDC and USDT converted through ETH, Monero, and various swap services. A wallet associated with King, a Solana arbitrage bot, may have lost approximately $786K on Monday through rapid transfers across Solana and Ethereum blockchains, suggesting a possible wallet compromise.

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