ZachXBT Flags Suspected $106 Million-Plus Theft From EU Entity

ZachXBT, the on-chain investigator, flagged a suspected theft of more than $106 million from an EU entity, warning that funds withdrawn from multiple exchange accounts were being swapped into ETH and routed through instant exchanges, Monero and cross-chain bridges in an apparent laundering attempt. The alert prompted exchanges and monitoring services to track the outflows in real time, with the investigator publishing wallet addresses and transaction trails to help freeze or intercept the stolen assets. The scale of the breach — nine figures in a single incident — underscores persistent security and custody risks for institutional and government-linked crypto holdings in Europe. Because the funds are being dispersed across chains and privacy tools rather than moved in bulk, recovery odds depend heavily on how quickly venues act on the flagged addresses. Watch for exchange freezes, law enforcement involvement from EU jurisdictions, and further disclosures from ZachXBT identifying the affected entity and the attack vector.