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EU Entity Loses $106 Million in Crypto Theft Across Multiple Exchange Accounts
(2 hours ago) · 2 sources · Summarized by CryptoBipto
An EU-based entity reportedly suffered a $106 million cryptocurrency theft involving multiple exchange accounts. Details about the specific entity, the exchanges involved, and how the breach occurred have not been fully disclosed. The incident is among the larger reported crypto thefts in recent memory.
WHY IT MATTERS
When someone stores cryptocurrency on an exchange, they are trusting that platform to keep their funds safe, similar to how a bank holds your money.
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SOURCES
- beincrypto.com
- coindesk.com
RELATED
Crypto TheftExchange SecurityCustody RiskEU Crypto
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