Suspected Crypto Theft in Europe Reaches $133 Million

on-chain detective ZachXBT has discovered additional withdrawals by the attacker from crypto exchanges worth $27 million. The total amount of the suspected theft has increased from $106 million to $133 million.

suspected cover-up by european financial institution

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

The name of the affected organization is currently unknown, and the version of covering up the hack is not confirmed.