Crypto investigators flag suspected $106M theft, $786K Solana bot drain
A European entity may have lost $106 million from exchange accounts, while a wallet associated with a Solana arbitrage bot may have lost another $786,000.
European authorities report the alleged theft of over $106 million from cryptocurrency exchanges, followed by a separate loss of $786,000 linked to a Solana arbitrage bot. The suspect in the first case is believed to have moved funds through multiple cryptocurrencies, including USDC, USDT, Ether (ETH), Monero (XMR), and eventually reached a wallet holding Monero.
The suspect has not been identified, although investigators have ruled out any connection to North Korea's Lazarus Group. Blockchain monitoring sites have flagged 11 wallet addresses associated with the first theft. The second incident involves a wallet linked to an automated trading bot on the Solana blockchain, potentially losing $786,000 due to rapid, cross-chain fund transfers.
The wallet owner has not confirmed a compromise, but the pattern of fund movements suggests an attempt to obscure the origin, indicating a possible wallet breach.
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