EU entity may have lost over $106M in theft across centralized exchange accounts

An EU entity may have lost more than $106 million in theft spread across centralized exchange accounts, according to Crypto Briefing. The report points to vulnerabilities at centralized exchanges and the difficulty of tracing funds moved through privacy-focused cryptocurrencies. A loss of this size would sharpen regulatory scrutiny of exchange security and custody practices, a bearish signal for confidence in centralized trading venues.