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

Stolen funds were reportedly moved from stablecoins into ETH, then into Monero, before being sent through cross-chain bridges An entity based in the European Union may have lost over $106 million in a theft that hit multiple accounts it held on centralized exchanges. The victim has not been named, and neither has the method of compromise. What has surfaced is the path the money took afterward, and it was a busy itinerary. On-chain investigator ZachXBT brought the incident to public attention.