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Over $106M stolen from EU crypto accounts, laundered via complex crypto swaps, not linked to Lazarus Group

Market News
04 Nov 2026, 00:00 WIB
AMBCrypto
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Bearish
Over $106M stolen from EU crypto accounts, laundered via complex crypto swaps, not linked to Lazarus Group

A suspected theft of over $106 million from an EU-based entity involved stealing USDC and USDT stablecoins from multiple centralized exchanges. The attacker laundered the funds by converting them into Ethereum, then Monero, and used multiple blockchain networks to obscure the trail. Blockchain investigator ZachXBT ruled out North Korea's Lazarus Group as the culprit. The EU entity has not yet confirmed the theft publicly, while new EU regulations on stablecoins under MiCA are being enforced to tighten crypto oversight.

USDT maintains a large market cap of Rp3.243,03 trillion on Pluang, with a 24-hour trading volume of Rp865,61 trillion as of Nov 04, 2026 05:21 WIB. The stablecoin's price is Rp18.157, showing a modest 0.27% increase in the last day. Despite the reported $106 million theft involving USDC and USDT, Pluang data indicates steady trading activity, with 75% of orders being sell orders and an average hold time of 93 days.

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