Blockchain investigator ZachXBT has raised his estimate of a suspected crypto theft from an unidentified EU entity to more than $133 million, after identifying another $27 million in exchange withdrawals. His working theory is that a large Western European financial institution was exploited and the incident is being covered up, though the victim's identity and the cover-up allegations remain unverified. He said the lack of proper disclosure allowed over $30 million to be laundered. Bitquery reported that $62.98 million in stablecoins was converted into 27,553 ETH within about four hours, and about $78.3 million remained in wallets linked to the suspected attacker as of 13:47 UTC Monday. Only $3.74 million remained in USDC that issuer Circle could potentially freeze.
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cryptostablecoinscybersecurityEurope
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Related tickers and likely impact
BTC/USDT
• NeutralBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 11/02/2026 | 76,816.00 |
| Change that session | -1.96% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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