EU Entity Loses $106 Million in Crypto Theft Days After Binance Hack, ZachXBT Reports

An unidentified European Union entity has lost over $106 million from centralized exchange accounts, according to onchain investigator ZachXBT. The theft occurred on Sunday, just days after a separate hack targeted Binance, raising fresh concerns about security across major crypto platforms. ZachXBT, known for tracing blockchain transactions, revealed the incident but did not name the victim or the exchanges involved. The stolen funds were reportedly moved through multiple wallets, complicating recovery efforts. The timing is significant: the crypto industry is still reeling from a recent attack on Binance, the world's largest exchange by volume. While that hack was smaller, the back-to-back incidents highlight persistent vulnerabilities even for institutional players. Centralized exchanges, which hold user funds in hot wallets, remain prime targets for sophisticated attackers. For the EU entity, the loss underscores the risks of storing large sums on exchanges rather than in cold storage. Regulatory pressure is mounting in Europe under the Markets in Crypto-Assets (MiCA) framework, but enforcement remains uneven. This incident may accelerate calls for stricter custody rules and real-time monitoring of suspicious transactions. ZachXBT's disclosure is likely to prompt further investigation by law enforcement and blockchain analytics firms. As the funds move, exchanges may freeze associated addresses, but the chances of full recovery are slim. The crypto community will watch closely for more details—and for signs of whether this was an isolated breach or part of a coordinated campaign.