Mysterious $106 Million Crypto Loss in Europe: Converted to Monero!
Photo: Bitcoin Sistemi
An unnamed entity operating in the European Union has allegedly lost over $106 million in assets from accounts on multiple cryptocurrency exchanges. Initial information regarding the potential attack was shared by blockchain researcher ZachXBT. However, ZachXBT did not disclose the victim's identity, the exchanges affected, or how the attacker accessed the accounts. The suspected attacker allegedly initially withdrew assets in USDC and USDT from exchange accounts. Some of the funds were then converted to Ether. Assets were processed through fast exchange services like WellWallet and Kyrrez, while others were converted to the privacy-focused Monero via Wagyu.
Source: Bitcoin Sistemi
