More Than $106M Lost in Suspected EU Crypto Theft, ZachXBT Reports

On-chain investigator ZachXBT disclosed on November 2, 2026, that an EU-based entity is believed to have suffered losses exceeding $106 million in a crypto theft that took place on November 1, 2026. The reported loss involved funds held across multiple centralized exchange accounts. ZachXBT’s account of the suspected EU crypto theft describes withdrawals in stablecoins followed by swaps, transfers through instant exchange services and movements between blockchains. The reported activity involved USDC, USDT, ETH and XMR . Asset movements in the suspected EU crypto theft The suspected attacker withdrew funds in USDC and USDT and subsequently began exchanging USDC for ETH, according to ZachXBT. His report described active swapping after the withdrawals from the centralized exchange accounts.

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