ZachXBT Alleges $133M Crypto Theft Cover-Up by EU Institution
Blockchain investigator ZachXBT claims a Western European entity is concealing a major crypto theft now exceeding $133 million.
Blockchain investigator ZachXBT claims a Western European entity is concealing a major crypto theft now exceeding $133 million. This is an original Token Times brief synthesising 4 outlets (Cryptopolitan, Cointelegraph, Crypto Economy, and others), with their figures cross-checked, plus live market data, as of Tue, 03 Nov 2026 13:30:01 UTC.
This incident highlights growing concerns over institutional crypto security and transparency, with potential implications for regulatory scrutiny and market trust.
- ZachXBT claims $133M crypto theft at undisclosed EU institution
- Crypto.com has blocked funds linked to the suspected theft
- Kraken confirms its systems were not compromised in the incident
- The case raises questions about institutional crypto security practices
Cryptopolitan and Cointelegraph both report that blockchain investigator ZachXBT has accused a Western European institution of concealing a crypto theft now valued at $133 million, an increase from the $106 million figure cited a day earlier. However, Cointelegraph adds that Crypto.com has taken steps to block funds connected to the suspected theft, while Kraken has stated its systems were not compromised. The outlets agree on the core allegation and the updated theft amount but differ in the details about the response from crypto platforms.
Blockchain investigator ZachXBT has publicly accused an unnamed Western European institution of concealing a crypto theft now valued at $133 million, according to multiple outlets. This figure represents a significant increase from the $106 million he reported just one day prior.
The investigator, known for his work in exposing major crypto breaches, has not yet disclosed the identity of the affected institution. However, his allegations suggest a serious security incident that the entity may be attempting to downplay or cover up.
Cointelegraph reports that Crypto.com has taken proactive measures by blocking funds associated with the suspected theft. Meanwhile, Kraken has publicly stated that its systems and customer accounts were not compromised in this incident, according to the same outlet.
The incident comes amid heightened concerns over institutional crypto security and transparency. As more traditional financial institutions adopt digital assets, the risk of large-scale thefts and the need for robust security measures are becoming increasingly apparent.
The broader crypto market remains under pressure, with 
Bitcoin down 1.15% in the last 24 hours and the overall market cap at $2.65 trillion. The Fear & Greed Index currently stands at 26, indicating a 'Fear' sentiment among investors.
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.
ZachXBT Alleges $133M Crypto Theft Cover-Up by EU Institutio — questions & answers
What is the current value of the alleged crypto theft?
The theft is now valued at $133 million, according to ZachXBT.
Which platforms have responded to the incident?
Crypto.com has blocked funds linked to the theft, while Kraken confirmed its systems were not affected.
Why is this incident significant?
It highlights the vulnerability of institutional crypto holdings and the potential for large-scale thefts, raising concerns about security practices.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Cryptopolitan, Cointelegraph, Crypto Economy, 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.