ZachXBT stories

Nov 3, 2026

Kraken restricts accounts amid suspected $133 million European institution theft

Kraken restricted accounts linked to a suspected crypto theft from an unnamed Western European institution, with blockchain investigator ZachXBT reporting losses exceeding $133 million. The exchange says its own systems were not compromised.

Nov 3, 20264 sources

Top claims

▪Blockchain investigator ZachXBT increased the estimated loss in the suspected European institution theft from $106 million reported on November 2, 2026, after identifying an additional $27 million in centralized exchange withdrawals
▪Blockchain investigator ZachXBT alleged on November 3, 2026, that a large financial institution in Western Europe was exploited in a $133 million theft and was actively covering up the incident
▪Blockchain investigator ZachXBT stated that the laundering patterns from the suspected $133 million European institution theft did not match the typical methods used by North Korea’s Lazarus Group

Topics

Privacy coins UniswapX Crypto security Crypto exchanges Crypto regulation Crypto hacks

Related entities

Ether USDT Western Europe Ethereum Usdc Monero Digital Operational Resilience Act (DORA)