# Crypto theft: $106M, $786K

Quick Take · News · Published November 2, 2026 · By [Anthony Asuaje](https://walkeranthony.com/about/), Walker Strategies
Canonical URL: https://walkeranthony.com/news/crypto-theft-106m-786k/

A European entity may have lost $106 million from exchange accounts, while a Solana arbitrage bot wallet may have lost $786,000. The suspected attacker remains unidentified, and the affected entity and exchanges involved have not been publicly named. These incidents follow a recent $6.3 billion Binance hack, highlighting the ongoing security risks in the crypto space.

Blockchain investigator ZachXBT reported that an unidentified European entity may have lost over $106 million from multiple cryptocurrency exchange accounts on Sunday. The suspected attacker withdrew funds in USDC and USDT, then moved them through several cryptocurrencies and blockchains.

The funds were swapped for Ether, used in instant exchange services, and converted into Monero. ZachXBT identified 11 wallet addresses associated with the funds and noted that the movement of funds does not point to a link with North Korea's Lazarus Group.

In a separate incident, a wallet associated with a Solana arbitrage bot called King may have lost around $786,000 on Monday, according to Onchain Lens. The funds were moved through several Solana wallets and then transferred to Ethereum using a cross-chain service.

Both incidents highlight the security risks in the crypto space, particularly after the recent $6.3 billion Binance hack attributed to North Korean hackers. The affected entities and exchanges involved in these incidents have not been publicly named.

Investors should be cautious and monitor their accounts closely, as these incidents demonstrate the ongoing threats to crypto assets. The use of instant exchange services and cross-chain transfers can make it difficult to track and recover stolen funds.

Source: [cointelegraph.com](https://cointelegraph.com/news/zachxbt-flags-suspected-106m-crypto-theft-as-solana-bot-faces-possible-786k-drain)

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Educational and informational content only. I am not a licensed financial advisor and nothing here is investment advice. Do your own research before making any decision.