$106 Million Suspected Stolen From EU Entity as Funds Flow Into Monero: ZachXBT
By Unchained
AI summary of the source article
Over $106 million was reportedly stolen on Nov. 1 from an EU entity's accounts across multiple centralized exchanges, according to onchain investigator ZachXBT. The unidentified thief laundered funds via instant exchanges, bridges, and Monero conversions.
Key facts
- More than $106 million in USDC and USDT was suspected stolen on Nov. 1 from an EU entity's accounts across multiple exchanges.
- The perpetrator aggressively swapped USDC for ETH, bridged funds across chains, and converted portions into Monero.
- ZachXBT stated high confidence that North Korea's Lazarus Group was not responsible based on laundering indicators.
Source excerpt · Unchained
The onchain investigator did not name the victim or the exchanges involved, but he published 11 addresses and a TRM Labs graph tracing the funds toward Monero and a Tron bridge. The post $106 Million Suspected Stolen From EU Entity as Funds Flow Into Monero: ZachXBT appeared first on Unchained .