ZachXBT: suspected $133M+ European institution hack and cover-up
ZachXBT says a large Western European financial institution lost $133M+ via CEX accounts, with $27M+ more withdrawals found, and that it is being covered up. Multiple outlets are amplifying.
What we know
An account on X raised the total to $133M+ after finding another $27M+ of CEX withdrawals. The Block and Wu Blockchain report he believes lack of disclosure enabled laundering of $30M+ that could have been frozen. This is his working theory, not a confirmed finding.
How the story developed
ZachXBT says a large Western European financial institution lost $133M+ via CEX accounts, with $27M+ more withdrawals found, and that it is being covered up. Multiple outlets are amplifying.
ZachXBT flagged a $106M+ theft from an EU entity's exchange accounts, and BTCPay Server instances on version 2.4.1 or older were hit by hot wallet drains.
Sources
“currently being covered up”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.