European Union · Ethereum · Crypto Briefing
EU entity may have dropped over $106 million in theft across centralized exchange accounts
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Stolen funds were reportedly moved from stablecoins into ETH, then into Monero, before being sent through cross-chain bridges.
Key facts
- An entity based in the European Union may have lost over $106 million in a theft that hit multiple accounts it held on centralized exchanges
- The attacker mainly withdrew the funds as USDC and USDT
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- Stolen funds were reportedly moved from stablecoins into ETH, then into Monero, before being sent through cross-chain bridges
Summary
An entity based in the European Union may have lost over $106 million in a theft that hit multiple accounts it held on centralized exchanges. The victim has not been named, and neither has the method of compromise. From there, funds passed through instant exchange services, including Kyrrex and WellWallet. The next stop was Monero, ticker XMR, with the research pointing to Wagyu as the venue for that conversion.