ZachXBT alleges cover-up as suspected crypto theft tops $133M

Blockchain investigator ZachXBT has raised the estimated value of a suspected cryptocurrency theft involving an unidentified European entity to more than $133 million after tracing another $27 million in withdrawals from centralized exchanges. ZachXBT raised the estimated value of a suspected European crypto theft from $106 million to over $133 million after identifying another $27 million in withdrawals from centralized exchanges. The blockchain investigator suspects that a major Western European financial institution was compromised and accused the affected organization of concealing the incident.