Suspected Crypto Theft in Europe Reaches $133 Million

On-chain detective ZachXBT has uncovered additional withdrawals by the attacker from cryptocurrency exchanges totaling $27 million. The total amount of the suspected theft has risen from $106 million to $133 million.

Suspected cover-up by a European financial institution

According to the on-chain detective, the victim was a major financial institution in Western Europe that is now attempting to conceal the incident. Due to the lack of public disclosure, the hacker managed to launder over $30 million, which could have been frozen by EU law enforcement agencies.

The name of the affected organization remains unknown, and the theory of a cover-up has not yet been confirmed.