Crypto Asset Theft from a Western European Institution
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AI-assisted source synthesis · not an independent investigation.
On November 3, 2026, blockchain investigator ZachXBT said that the crypto asset losses of an unnamed Western European institution had risen to $133 million, and accused the institution of failing to report the incident to EU authorities. The allegations have not yet been independently verified. Blockchain data analytics firm Bitquery traced approximately $108.8 million in on-chain funds, of which approximately $62.98 million in stablecoins was exchanged for 27,553 ETH; the funds subsequently flowed to Monero and cross-chain bridges. As of November 2, wallets linked to the attacker still held approximately $3.74 million in USDC. The report did not disclose the institution's name or when the incident occurred.
AI-written from reports · updated 56 minutes ago
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- CryptopolitanZachXBT accuses an institution in Western Europe of concealing the theft of $133 million in crypto assets
Blockchain investigator ZachXBT said that the crypto asset losses of an unnamed institution in Western Europe had risen to $133 million, and accused it of failing to report the incident to EU authorities; the allegations have not been independently verified. Bitquery tracked $108.8 million in on-chain funds, of which approximately $62.98 million in stablecoins was exchanged for 27,553 ETH, with the funds subsequently flowing to Monero and cross-chain bridges; as of November 2, wallets linked to the attacker still held $3.74 million USDC.
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