ZachXBT warns EU entity reportedly lost over $106M from centralized exchange accounts

On-chain investigator ZachXBT issued a community warning that an EU entity was reportedly drained of over $106 million from multiple centralized exchange accounts on Nov 1, with funds withdrawn in USDC and USDT. The suspected attacker has been converting USDC to ETH, routing funds through instant-swap platforms including WellWallet and Kyrrex, and converting to Monero via Wagyu.

Detected & updated continuously · Source: Nebula