A post by @WuBlockchain on X.
ZachXBT Suspects European Institution Is Covering Up Crypto Breach, Says $30M Could Have Been Frozen…
@WuBlockchain on X
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
ZachXBT, the on-chain investigator, has identified more than $27 million in additional suspicious withdrawals from centralized exchanges, raising the total tied to a suspected crypto theft to over $133 million, and speculating that a major Western European financial institution may have been breached and is concealing the incident. Some of the newly flagged withdrawals occurred after his initial disclosure, which he says allowed more than $30 million to be laundered that EU authorities might otherwise have frozen. The investigator criticized the lack of timely disclosure by the suspected victim institution. The victim's identity and actual losses remain unconfirmed, and no affected exchange or protocol has been named. Watch for further disclosures from ZachXBT, potential regulatory or law enforcement action in the EU, and whether the institution confirms or denies the breach.
Muhabbit's AI wrote this summary of @WuBlockchain's post in its own words. It can get details wrong, so read the post on X.
Named in this story
ZachXBT, European Institution, Centralized Exchanges