A European Union entity appears to have suffered a loss exceeding $106 million from exchange accounts on November 1, 2026. According to blockchain researcher ZachXBT, the perpetrator withdrew funds in USDC and USDT before moving them across multiple digital assets and blockchains. The assets were swapped into Ether, processed through instant exchange services including WellWallet and Kyrrex, and converted into Monero via Wagyu across 11 identified wallet addresses.
Although the compromised entity and targeted trading platforms remain unnamed, ZachXBT stated that the transaction patterns point away from North Korea's Lazarus Group. This incident follows the $6.3 billion Binance breach on October 29, 2026, which federal investigators connected to the Lazarus-linked group TraderTraitor. Separately, monitoring platform Onchain Lens reported on November 2, 2026, that a wallet tied to an automated Solana arbitrage bot named King lost approximately $786,000.
For traders actively holding perpetual futures positions, these reported losses do not directly impact contract funding rates, exchange fees, or available market liquidity. Because the targeted exchanges have not been publicly identified, no immediate venue-specific disruptions or margin changes have been reported. Unless an exchange hosting active perpetual markets confirms direct involvement, holding costs and operational conditions remain unchanged.
Source: cointelegraph — Crypto investigators flag suspected $106M theft, $786K Solana bot drain
Price today: Solana