Crypto investigators flag suspected $106M theft, $786K Solana bot drain

An unidentified entity in the European Union may have lost more than $106 million from accounts at multiple cryptocurrency exchanges on Sunday, according to blockchain investigator ZachXBT.

In a Monday post, ZachXBT said funds suspected to have been stolen were withdrawn in USDC and USDT before being moved through several cryptocurrencies and blockchains.

The suspected attacker swapped USDC for Ether (ETH), used instant exchange services including WellWallet and Kyrrex, and converted funds into Monero (XMR) through the swap service Wagyu.

The suspected attacker remains unidentified, though ZachXBT said the movement of funds pointed away from a link to North Korea’s Lazarus Group. The affected entity and exchanges involved have not been publicly named.