An entity based in the European Union reportedly lost more than $133 million in cryptocurrency, according to an investigation revealed on Monday by blockchain investigator ZachXBT. The initial loss of $106 million, withdrawn in USDC and USDT, later rose to more than $133 million following additional withdrawals. About $80 million was transferred to 11 wallets within 11 hours, then rapidly converted into ETH and Monero to obstruct tracing and freezing. ZachXBT suspects that a large financial institution in Western Europe is concealing the incident, but no victim or attack has yet been officially confirmed.
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