$106 Million Crypto Theft Strikes Unnamed EU Entity

An unidentified European Union-based entity has suffered a major crypto theft, losing over $106 million from its centralized exchange accounts just days after a separate hack targeted Binance.

Onchain investigator ZachXBT reported that the theft occurred on Sunday, November 1. The funds were drained from the entity’s accounts on a centralized exchange, though the specific platform was not named in the initial report.

The incident follows a separate, high-profile security breach at cryptocurrency exchange Binance earlier in the week, highlighting a concerning trend of large-scale attacks on institutional crypto holdings.

Details remain scarce, with the victim entity and the exact method of the theft still unconfirmed. The investigation is ongoing as the crypto community and security analysts seek to trace the stolen funds.