ZachXBT Exposes $106M Crypto Theft From Unidentified EU Entity’s Exchange Accounts

• ZachXBT reported a $106 million theft from exchange accounts belonging to an unidentified EU entity
• Stolen funds were moved through multiple centralized exchanges before being routed via mixers
• The identity of the EU entity has not been publicly disclosed as investigation continues
• ZachXBT urged exchanges to freeze wallets linked to the theft to prevent further fund movement

ZachXBT’s On-chain Investigation

On November 2nd, 2026, blockchain sleuth ZachXBT exposed a $106 million heist targeting exchange wallets belonging to an entity located in Europe. The funds were sent between several centralised exchanges using various mixing services and decentralised protocols to mask the funds.

EU Entity’s Identity Withheld

The European entity whose accounts were compromised has not been named publicly. ZachXBT indicated that the organization had assets spread across several major crypto exchanges, which were systematically drained. Investigators are examining whether this was the result of a coordinated external attack or an internal security failure.

Scale & Method Of The Theft

The $106 million heist is among the largest individual exchange wallet losses suffered in 2026. The method used by the hacker involved moving funds between several exchanges, and demonstrates a degree of sophistication that would be expected from organised cybercrime groups.

Call To Exchanges To Act

ZachXBT publicly called on crypto exchanges to freeze wallets linked to the theft, providing wallet addresses in his report. He also advised the affected entity to work directly with exchanges and law enforcement to pursue asset recovery, while cautioning that the window for freezing funds was narrowing.

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