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According to WuBlockchain, citing a report by ZachXBT, an EU entity is suspected of having over $106 million in cryptocurrency stolen, with the funds converted to ETH and transferred across chains.
According to WuBlockchain, citing a report from on-chain investigator ZachXBT, an EU entity allegedly lost over $106 million in cryptocurrency from multiple centralized exchange accounts on November 1. The stolen funds, consisting of USDC and USDT, were subsequently actively converted to ETH and transferred via instant exchange services such as WellWallet and Kyrrex, converted to privacy coin XMR via Wagyu, and bridged across multiple blockchains. The identity of the affected entity and the method of theft have not yet been disclosed, and the loss has not been independently confirmed.
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