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Blockchain Investigator Tracks Over $106 Million Crypto Theft From EU Entity
(1 day ago) · 1 source · Summarized by CryptoBipto
On-chain investigator ZachXBT has identified and traced the laundering trail of over $106 million in cryptocurrency reportedly stolen from an unnamed EU-based entity. The attacker allegedly moved the funds through multiple chains and protocols in an attempt to obscure the trail. The identity of the victim organization and the attacker has not been publicly confirmed.
WHY IT MATTERS
When cryptocurrency is stolen, the transactions are recorded on public blockchains, which are like open ledgers anyone can read.
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SOURCES
- cryptopotato.com
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Crypto TheftOn-Chain InvestigationMoney LaunderingBlockchain Transparency