ZachXBT Links More Than $133 Million to Suspected Crypto Theft

Blockchain investigator ZachXBT identified more than $27 million in additional suspicious withdrawals from centralized exchanges, lifting the amount linked to a suspected crypto theft above $133 million. Some of the withdrawals occurred after ZachXBT’s initial disclosure. He argued that delayed disclosure allowed more than $30 million to be laundered, funds European Union authorities might otherwise have frozen. He also speculated that a major financial institution in Western Europe may have been compromised and was concealing the breach. ZachXBT did not identify a specific institution, and his claim does not confirm that a breach occurred.