ZachXBT: Over $106 million in crypto assets suspected stolen from an EU entity, with funds being transferred across multiple chains.

on November 02, ZachXBT issued a security alert stating an EU entity allegedly lost over $106 million in crypto assets from multiple centralized exchange accounts on November 1. The involved funds were withdrawn by suspected attackers in the form of USDC and USDT.

Over the past 24 hours, the related addresses have continuously swapped USDC for ETH, transferred funds to instant swap platforms such as WellWallet and Kyrrex, converted assets to XMR via Wagyu, and executed cross-chain transfers across multiple blockchains.