Suspected EU crypto theft estimate rises to $133 million, ZachXBT says
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Investigator ZachXBT raised his estimate of theft from an unidentified EU entity to over $133 million after tracing another $27 million in exchange withdrawals, some after his Monday $106 million report. He says a Western European financial institution was likely exploited and the incident covered up, allowing more than $30 million to be laundered. Bitquery reported $62.98 million in stablecoins swapped into 27,553 ETH in about four hours; about $78.3 million remained in linked wallets Monday while only $3.74 million in USDC could still be frozen by Circle. Victim identity and cover-up claims are unverified.
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