Kraken restricted accounts linked to a suspected cryptocurrency theft exceeding $133 million, involving an unidentified European entity. The estimate, published on November 3 by blockchain investigator ZachXBT, followed an initial alert on November 2 that put the suspected losses above $106 million. Kraken, Crypto.com and OKX took steps to prevent the suspected funds from moving, while Circle and Tether froze approximately $3.74 million in USDC and $1.1 million in USDT, respectively. According to Bitquery, about $62.98 million in stablecoins was converted into 27,553 Ether, while $78.3 million remained in wallets associated with the suspected attacker as of 13:47 UTC on November 2. The victim’s identity and allegations of concealment have not been independently verified, and the investigation is ongoing.
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