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EU Entity Suspected of Losing $106M in Crypto Theft

Summary by Coinfomania
An EU-based entity is suspected of losing over $106 million in a theft involving USDC and USDT. Here's why this incident raises concerns.
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A European Union-based entity would have lost more than $106 million in an alleged theft involving several centralized exchange accounts.The tracking attributed to ZachXBT describes a journey from USDC and USDT to ETH, Monero and inter-chain bridges, although the victim and access method remain unknown.

An unnamed entity operating within the European Union withdrew over $106 million from its combined stock exchange accounts on Sunday, November 1st…

The on-chain investigator ZachXBT announced on November 2, 2026 that an entity based in the EU would suffer a crypto theft of more than 106 million dollars. The theft dates back to November 1, 2026. According to ZachXBT, the losses relate to funds secured on multiple accounts of centralized exchange. How the funds moved after the crypto theft [...]

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Crypto Briefing broke the news on Monday, November 2, 2026.
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