ZachXBT: An EU entity suspected of being hacked, losses exceeding $106 million.

BlockBeats news, November 2: On-chain detective ZachXBT posted on their personal channel that an EU entity is suspected to have lost over $106 million from multiple centralized exchange accounts yesterday. The suspected stolen funds were withdrawn by illicit actors in the form of USDC and USDT.

Over the past 24 hours, the illicit actor has been extensively converting USDC to ETH, transferring to instant exchange platforms (WellWallet, Kyrrex, etc.), converting to Monero (XMR) via Wagyu, and bridging across multiple chains.

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ZachXBT: An EU entity suspected of being hacked, losses exceeding $106 million.

An address transferred 3.9 million unstaked LIT tokens to OKX and other CEXs, valued at $12.21 million.

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