EU Organization Suspected of Having Over $106 Million Stolen and Converted to Monero
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AI-assisted source synthesis · not an independent investigation.
On November 3, 2026, Cryptopolitan reported that an unnamed EU organization may have had more than $106 million transferred out of accounts at multiple centralized exchanges. The report said the stolen funds were transferred mainly in the form of USDC and USDT, after which the attacker quickly converted them into Ether and then into Monero. The funds passed through Kyrrex, WellWallet, Wagyu, and cross-chain bridges. Researchers published 11 related addresses; the report also noted that the possibility of recovering the funds remains low.
AI-written from reports · updated 5 hours ago
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- CryptopolitanEU entity loses over $106M as attackers convert stablecoins into Monero
An unnamed EU organization may have had more than $106 million transferred from accounts at multiple centralized exchanges. The attackers rapidly converted the stolen funds, primarily in USDC and USDT, into Ether and then into Monero. The funds moved through Kyrrex, WellWallet, Wagyu and cross-chain bridges; researchers disclosed 11 related addresses, but the likelihood of recovering the funds remains low.
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