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

From the source

The unidentified attacker moved funds through ether, instant exchanges and Monero, but the victim and affected exchanges remain unknown. An unidentified entity in the European Union (EU) may have lost more than $106 million in crypto from accounts held at multiple cryptocurrency exchanges on Sunday, according to a report from blockchain investigator ZachXBT. The term “entity” can cover a range of organizations, such as a company, trading firm or investment fund. ZachXBT did not specify which. In a Monday Telegram alert , ZachXBT said the suspected attacker withdrew funds in USDC and USDT, two U.S. dollar-pegged stablecoins, before moving them through several cryptocurrencies and blockchains. Over the following 24 hours, the attacker exchanged USDC for ether ETH $2,255.49 , transferred funds through instant-exchange services including WellWallet and Kyrrez, and converted some into the privacy-focused cryptocurrency Monero (XMR), using Wagyu, ZachXBT said. Monero obscures transaction…

BestAIBroker analysis

• Finance-aware sentiment: negative (-0.35 on a -1 to +1 scale).
• Event classification: OTHER.
• Market importance score: 29/100, weighting entity relevance, source credibility, multi-outlet coverage and recency.
• Symbols referenced: ETH.