EU entity suspected of losing $106 million from crypto exchange accounts, ZachXBT says

An unidentified attacker is reported to have drained roughly $106 million from accounts held at cryptocurrency exchanges, according to on-chain investigator ZachXBT. The entity affected is suspected to be based in the European Union, though its identity has not been disclosed. The stolen funds were reportedly moved through ether, instant exchange services and the privacy coin Monero to obscure their trail. The exchanges involved have not been publicly identified, and it remains unclear how the accounts were compromised.