ZachXBT accuses a Western European institution of concealing a $133 million cryptocurrency theft

AI-assisted source summary · not independently verified. Content standards

Blockchain investigator ZachXBT said an unidentified institution in Western Europe suffered a cryptocurrency theft, with losses exceeding $133 million, and questioned whether it failed to report the incident to EU regulators. Bitquery tracked $108.8 million in related on-chain transfers; ZachXBT said that if the incident had been reported in time, around $30 million in funds might still have been within the EU’s freezing reach. The identity of the affected institution and the concealment allegation have not been independently verified.