An unidentified EU entity lost $106 million from multiple crypto exchange accounts Sunday, with funds immediately converted to Monero, according to on-chain analyst ZachXBT.
The drain occurred across several centralized exchange wallets, indicating either a sophisticated attack or breach hitting multiple platforms simultaneously. The move to Monero—a privacy-focused cryptocurrency—is a standard obfuscation tactic used to hinder fund recovery and break the transaction trail for investigators. ZachXBT noted the incident does not appear linked to North Korea's Lazarus Group, the state-sponsored hacking organization behind major crypto thefts.
Separately, a Solana arbitrage bot called "King" lost $786,000 the same day, according to blockchain intelligence firm Onchain Lens. The bot's operational wallet was drained—a common attack vector for automated DeFi strategies that hold liquid capital for rapid execution across decentralized exchanges. The incident underscores persistent vulnerabilities: smart contract exploits or private key compromises can liquidate positions in seconds.
Solana trades at $91.83. Bitcoin is at $76,719 and Ethereum at $2,250, with the Fear & Greed Index at 37 (Fear), indicating heightened caution across digital assets but limited immediate market reaction to these specific incidents.
