ZachXBT flags possible $106M exchange theft and Solana loss
BROBROK News · Based on reporting by Cointelegraph ·
Blockchain investigator ZachXBT said an unidentified EU-linked entity may have lost more than $106 million from accounts at multiple exchanges. Separately, a wallet tied to the Solana arbitrage bot King may have lost about $786,000.
Key points
- The suspected stolen funds were withdrawn in USDC and USDT before moving across multiple blockchains.
- Some of the assets were swapped into ETH and later converted into XMR through instant exchange services.
- ZachXBT identified 11 wallet addresses, but did not name the victim or the exchanges involved.
- He said the flow of funds did not appear to point to North Korea’s Lazarus Group.
- Onchain Lens said the Solana wallet’s rapid transfers suggested possible concealment of funds and a potential compromise.
Why it matters
The report underscores how quickly large sums can move through exchanges, bridges and swap services after a suspected breach. It also shows how cross-chain activity can complicate tracing and incident response.
Original headline: “Crypto investigators flag suspected $106M theft, $786K Solana bot drain”
Read the original on Cointelegraph
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.