More than $133 million in crypto has allegedly flowed out of an as yet unnamed entity in the European Union. That is the finding of blockchain investigator ZachXBT, and the exchanges Kraken and Crypto.com have since restricted accounts and blocked funds connected to the incident. Who the victim is remains unclear. So far neither an authority nor a company has confirmed that an attack took place at all. According to the exchanges named, their customers face no risk. This article sets out what is established, what remains speculation and how you can secure your own exchange account against the usual follow-up attacks.
Crypto theft in the EU: ZachXBT traces $133 million
ZachXBT is a pseudonymous on-chain investigator who has spent years publicly tracing money flows after hacks and frauds. On-chain analysis means reading the publicly visible transactions on a blockchain and linking addresses, amounts and timestamps into a picture. On Monday, November 2, 2026, he flagged suspicious outflows of about $106 million, according to Cointelegraph. The source, he said, was an entity in the Europe...
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