Suspected EU crypto theft estimate rises to $133M: ZachXBT

On-chain investigator ZachXBT has raised his estimate of a suspected EU crypto theft to $133 million after identifying another $27 million in exchange withdrawals. Some of those withdrawals occurred after he first flagged the suspected theft, suggesting the activity may be ongoing. Traders should watch for exchange security concerns and possible follow-on selling or laundering flows tied to the stolen funds.