17 hours ago
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Key Takeaways
- $108.8M in USDC left three exchange accounts.
- 11 of 15 receiving wallets had prior payouts.
- $62.98M in stablecoins became 27,553 ETH.
- Only $3.7M remained in freezable USDC.
The figures come from Bitquery’s November 2 investigation, which followed the money after on-chain investigator ZachXBT flagged the suspected theft from an EU entity, as relayed in a post by the X account Officer’s Notes.
Twenty-One Hours Across Three Exchanges
The first withdrawal left OKX at 12:25 UTC on November 1. Kraken followed 44 minutes later and ended up paying 95% of the total, with Crypto.com supplying the rest alongside OKX. About two-thirds of the money, $73.2 million, went out in the three hours to 23:00 UTC. The final payment landed at 09:09 UTC the next morning.
One wallet received 43 Kraken withdrawals in 91 minutes, each below $50,000. Bitquery reads that as the thief working around a limit on individual withdrawals. If so, the cap c...
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