Lookonchain said a suspected theft may have drained more than $106 million in crypto assets from an EU entity, based on its on-chain monitoring. The firm said an address linked to the case had previously spent $62.97 million to buy 27,553 ETH at an average entry price of $2,286. Earlier, on-chain investigator ZachXBT said the entity appeared to have lost assets from multiple centralized exchange accounts, with the funds withdrawn in USDC and USDT. A fund flow chart shared by Lookonchain connected the ETH-buying address to addresses associated with the incident. The report did not identify the entity by name.
According to ChainCatcher, on-chain monitoring by Lookonchain indicates that an EU entity may have lost more than $106 million in crypto assets in a suspected theft.
Lookonchain said an address tied to the case had previously spent $62.97 million to acquire 27,553 ETH, with an average purchase price of $2,286.
On-chain investigator ZachXBT had earlier said the entity appeared to have lost assets from multiple centralized exchange accounts, and that the funds were withdrawn in USD Coin (USDC) and Tether (USDT).
Lookonchain also shared a fund flow chart linking the ETH-buying address to addresses associated with the incident.
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