Hacking News
EU Entity Drained $106M, Money Already Laundered
An unnamed EU entity lost over $106 million from several centralized exchange accounts on November 1. The funds were swapped into USDC and USDT, two stablecoins that can be frozen. Within 24 hours, the attacker converted USDC into ETH to avoid detection. The stolen funds were laundered through instant exchanges and Monero, a cryptocurrency that hides senders, receivers, and amounts. The trail of the stolen funds has been traced to 11 wallet addresses, but no confirmation of the attacker's identity has been made. The attack is suspected to be unrelated to the Lazarus Group, a known hacking group.