Blockchain investigator ZachXBT reported that an unidentified European entity likely lost over $106 million from various cryptocurrency exchange accounts. The funds were initially withdrawn in USDC and USDT before being converted into Ether and Monero through services like WellWallet, Kyrrex, and Wagyu.
ZachXBT noted that the movement of these assets does not currently link the incident to the North Korean Lazarus Group. The specific names of the affected entity and the exchanges involved remain undisclosed. This event follows a separate major security incident involving Binance on October 29.
Separately, the automated Solana arbitrage bot King reportedly lost approximately $786,000. Monitoring service Onchain Lens identified suspicious activity involving rapid fund transfers across multiple Solana wallets. The assets were eventually moved to the Ethereum network using the Mayan cross-chain service.
Onchain Lens stated that the observed pattern of rapid, cross-chain transactions indicates a potential wallet compromise. The firm believes these actions were intended to obscure the origin of the stolen funds.
