$106 Million Theft: How Hackers Concealed Their Tracks in Cryptocurrency

A European company has fallen victim to a massive cryptocurrency theft, with the amount exceeding $106 million. The incident occurred on November 1, when attackers withdrew USDC and USDT funds from corporate accounts on centralized exchanges.

Over the last 24 hours, the hacker has been actively taking steps to cover their tracks. The main activities of the criminal include the following actions:

• Mass exchange of USDC tokens for Ethereum (ETH).
• Use of WellWallet and Kyrrex services to transfer funds.
• Conversion of assets into Monero (XMR) via the Wagyu platform.
• Movement of digital assets across various blockchains.

At present, the identity of the affected company and the exact circumstances of the incident remain unknown. Experts note the high difficulty of tracking transactions after conversion into anonymous coins.