ZachXBT Suspects Cover-Up as Tally on Suspected EU Theft Climbs to $133 Million

Dextape brief

By Dextape Desk · November 3, 2026

Blockchain investigator ZachXBT has raised his estimate of funds allegedly taken from a European Union organization to over $133 million, compared with the $106 million-plus figure in his first warning. He says the increase reflects roughly $27 million in additional withdrawals from centralized exchanges, made by the same party, with part of that movement happening after he first went public. In a Telegram update he listed four Ethereum wallet addresses connected to the theft and speculated that a large Western European financial institution may be the victim, adding that he believes the breach is being hidden. He did not identify the firm or present evidence for the cover-up claim. As of publication, regulators, exchanges and the institution had not confirmed or denied any loss. He also said part of the funds moved into Monero.

Why it matters: The case shows how fast funds can move through exchanges and into Monero, and how delayed disclosure can narrow what issuers and police can freeze.

Mentioned: Ethereum, Monero

Summary by Dextape, based on reporting by Unchained. Written with AI from the publisher’s text and checked automatically for copied wording and unsupported figures. Not investment advice.