Lookonchain: Address of suspected stolen funds once spent $62.97 million to buy ETH

on November 2, according to monitoring by Lookonchain, a certain EU entity is suspected of having over $106 million worth of crypto assets stolen. The related address had previously spent $62.97 million on-chain to purchase 27,553 ETH at an average price of $2,286.

On-chain investigator ZachXBT previously stated that the entity is suspected of losing assets from multiple centralized exchange accounts, with the involved funds withdrawn in USDC and USDT. Lookonchain’s disclosed fund flow chart links the aforementioned purchasing address to addresses associated with this incident.