A post by @lookonchain on X.
According to @zachxbt, an EU entity is suspected of losing $106M+ from multiple centralized exchange…
@lookonchain on X
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An EU entity is suspected of losing over $106 million from multiple centralized exchange accounts, according to on-chain investigator ZachXBT, as reported by Lookonchain. The attacker, using wallet 0x9eca, purchased 27,553 ETH worth $62.97 million on-chain at an average price of $2,286 per token, then moved the funds through multiple platforms. The breach highlights ongoing security risks facing centralized exchanges and large institutional holders, with the attacker's laundering activity now traceable on-chain. Watch for further updates from ZachXBT's investigation, potential exchange disclosures, and any movement of the remaining funds across platforms.
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EU entity, 0x9eca, ETH (ETH)
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