Blockchain investigator ZachXBT flagged a suspected theft exceeding $106M from an unidentified European entity’s exchange accounts. A separate wallet linked to Solana arbitrage bot King may have lost another $786K.

  • Funds were withdrawn in USDC and USDT, then swapped through ETH, multiple chains and Monero.
  • Investigators identified 11 wallets and rapid transfers through WellWallet, Kyrrex, Wagyu and Mayan.
  • The affected entity, exchanges and King’s operator have not confirmed the incidents.

This is a major security warning, not yet a confirmed exploit. Traders should avoid unverified wallet approvals, monitor exchange withdrawals and treat cross-chain obfuscation as a red flag.