ZachXBT accuses Western European institution of hiding $133M crypto theft

Blockchain investigator ZachXBT noted Tuesday that the still undisclosed crypto loss at an unnamed Western European institution has climbed past $133 million, up from the $106 million figure he cited one day earlier. ZachXBT, who has previously forced disclosures after going public with crypto breaches, is now alleging that the affected EU entity is concealing the breach rather than reporting it to EU authorities. Is an EU bank hiding a crypto hack? ZachXBT wrote on his Telegram channel early Tuesday that “My working theory is a large financial institution in Western Europe was exploited and it’s currently being covered up.” The blockchain investigator noted that the loss estimate is now up to $133 million after another $27 million in withdrawals were processed through centralized exchanges.

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