COINDESK · 2026-11-02 17:21 UTC

EU entity suspected of losing $106 million from crypto exchange accounts, ZachXBT says

An unidentified EU entity lost over $106 million in crypto from exchange accounts on Sunday, according to blockchain investigator ZachXBT. The attacker withdrew USDC and USDT stablecoins, then converted them through ETH, privacy coin Monero, and various exchange services to obscure the trail. ZachXBT ruled out North Korea's Lazarus Group as the perpetrator; the victim entity and affected exchanges remain unconfirmed.

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