ZachXBT Suspects Cover-Up as Tally on Suspected EU Theft Climbs to $133 Million

Onchain investigator ZachXBT now puts a suspected theft from an EU entity at more than $133 million , up from the more than $106 million in his first alert, after he traced another $27 million-plus in centralized exchange withdrawals by the same actor. In the follow-up post on his Telegram channel, ZachXBT wrote that “a portion of the CEX withdrawals occurred after my initial disclosure.” He also listed four Ethereum addresses he tied to the theft. He offered a first guess at the victim. His working theory, he wrote, is that “a large financial institution in Western Europe was exploited and it’s currently being covered up.” He did not name the institution or set out evidence for the cover-up claim in the post.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Unchained.