Lookonchain: Suspected Stolen Funds Address Previously Spent $62.97 Million to Buy ETH
Original headlineLookonchain：疑似被盗资金地址曾斥资 6297 万美元买入 ETH
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On November 2, on-chain analytics firm Lookonchain reported that an EU-based entity was suspected of losing over $106 million in crypto assets to theft, with funds allegedly withdrawn from multiple centralized exchange accounts in USDC and USDT, according to prior findings by on-chain investigator ZachXBT. Lookonchain's flow analysis linked a related address that had spent $62.97 million to purchase 27,553 ETH at an average price of $2,286 per token. The incident matters because it involves a nine-figure theft routed through centralized exchange accounts, highlighting ongoing security and custody risks for large institutional holders. Watch for further tracing of the stolen funds' on-chain movements, potential freezes or recoveries via stablecoin issuers and exchanges, and any official confirmation from the affected entity.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
Lookonchain, ZachXBT, ETH (ETH), USDT, USDC
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