Over $106M in Suspected EU Crypto Theft Uncovered by ZachXBT
An EU-based entity reportedly lost over $106 million in a crypto theft involving stablecoins.
An EU-based entity reportedly lost over $106 million in a crypto theft involving stablecoins. This is an original Token Times brief synthesising 2 outlets (The Cryptonomist, Coinfomania), with their figures cross-checked, plus live market data, as of Mon, 02 Nov 2026 14:45:01 UTC.
This incident highlights the vulnerability of centralized exchanges and the potential risks for large-scale crypto holders, particularly in regions with evolving regulatory frameworks.
- Over $106M lost in suspected EU crypto theft on November 1, 2026.
- Theft involved funds held across multiple centralized exchange accounts.
- Stolen assets primarily included USDC and USDT stablecoins.
- Incident raises concerns about exchange security and stablecoin risks.
The Cryptonomist and Coinfomania both report that an EU-based entity suffered a crypto theft exceeding $106 million on November 1, 2026. Both outlets agree that the stolen funds were held across multiple centralized exchange accounts and primarily involved USDC and USDT stablecoins. However, Coinfomania emphasizes the broader implications for stablecoin security, while The Cryptonomist focuses on the specifics of the theft and ZachXBT's investigation.
On November 2, 2026, on-chain investigator ZachXBT reported a suspected crypto theft involving an EU-based entity, with losses exceeding $106 million. The incident occurred on November 1, 2026, and involved funds held across multiple centralized exchange accounts.
The stolen assets primarily included USDC and USDT stablecoins, according to reports from The Cryptonomist and Coinfomania. These outlets corroborate the $106 million figure and the involvement of stablecoins, though they differ slightly in their emphasis on the broader implications of the incident.
The Cryptonomist provides a detailed account of the suspected theft, highlighting ZachXBT's role in uncovering the incident. Meanwhile, Coinfomania focuses on the potential risks for stablecoin holders and the security vulnerabilities exposed by the theft.
The incident comes at a time when the total crypto market cap stands at $2.67 trillion, with the market remaining relatively flat. 
Bitcoin's 24-hour price movement was -0.24%, and the Fear & Greed index was at 37, indicating a 'Fear' sentiment in the market.
The circulating supply of USDT is $179.23 billion, while USDC's circulating supply is $71.4 billion, according to DeFiLlama. This highlights the scale of the theft in relation to the broader stablecoin market.
1 key figure independently matched across 2 outlets reporting this story.
Token Times extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Figures and sectors in this story, checked live against on-chain aggregators · November 2, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Over $106M in Suspected EU Crypto Theft Uncovered by ZachXBT — questions & answers
What is the total amount lost in the suspected EU crypto theft?
The suspected theft resulted in losses exceeding $106 million.
Which stablecoins were involved in the theft?
The stolen assets primarily included USDC and USDT stablecoins.
Who uncovered the theft?
On-chain investigator ZachXBT uncovered the suspected theft.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from The Cryptonomist, Coinfomania, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.