# Mystery $106 Million Crypto Theft Hits EU Entity Days After Binance Hack

- URL: https://talkfuse.com/story/mystery-106-million-crypto-theft-hits-eu-entity-days-after-binance-hack/
- Published: 2026-11-02T21:16:03+00:00
- Updated: 2026-11-03T23:34:23+00:00
- Original publisher: Decrypt
- Original article: https://decrypt.co/382383/mystery-106-million-crypto-theft-eu-entity-binance-hack
- Topics: Business, Crypto, Cybersecurity, Europe, Paranormal, Technology, Weird & Viral, World

## Key points

- An EU entity is suspected of losing more than $106 million in crypto.
- The attacker moved funds through swaps, Monero and cross-chain bridges.
- ZachXBT said the culprit was likely not North Korea’s Lazarus Group.

## Summary

An unnamed European Union entity is suspected of losing more than $106 million in cryptocurrency after an illicit actor withdrew funds from several centralised exchange accounts on 1 November. The theft adds to a week of major security incidents across the crypto industry, though the attacker and victim have not been identified.

On-chain investigator ZachXBT said the funds were taken as USDC and USDT, then moved through swaps, instant exchange services, Monero and bridges between blockchains. He said with a high degree of confidence that the attacker was not North Korea’s Lazarus Group. It is unclear whether any funds have been frozen; in the separate $6.4 billion Binance hack, stablecoin issuers froze about 44% of the stolen funds.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.