Suspected EU crypto theft estimate rises to $133M: ZachXBT

ZachXBT identified another $27 million in exchange withdrawals, some of which occurred after he first flagged the suspected crypto theft.

Blockchain investigator ZachXBT has raised his estimate of a suspected crypto theft from an unidentified European Union entity to more than $133 million.

On Tuesday, ZachXBT said he identified another $27 million in withdrawals from centralized exchanges, increasing the suspected losses from the $106 million he initially reported on Monday. He said some withdrawals occurred after his primary disclosure.

“My working theory is a large financial institution in Western Europe was exploited and it’s currently being covered up,” ZachXBT said Tuesday on his Telegram channel.

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