ZachXBT reported the alleged theft of more than $106 million from a European company.
According to network detective ZachXBT, on November 1, an unknown attacker allegedly withdrew more than $106 million from several European company accounts on major crypto exchanges.
The stolen funds were withdrawn in USDC and USDT. Over the past 24 hours, the attacker has been actively exchanging USDC for ETH and moving assets through WellWallet, Cirques and other service exchangers.
Some of the funds were converted to the anonymous cryptocurrency Monero (XMR) using Wagyu, the rest were transferred between different blockchains.
The identity of the affected company has not yet been revealed.