UPDATE: Suspected EU entity exploit address buys 27,553 ETH for $62.97M
CIE News ·
Update to EU entity suspected of losing $106 million from exchange accounts
Based on reporting by Cryptonews; not yet independently confirmed.
A wallet linked to an alleged $106 million EU entity exploit purchased 27,553 ETH for $62.97 million on-chain, according to reports by PANews and Lookonchain.
A crypto wallet linked to an exploit against an institutional European Union entity spent $62.97 million on-chain to purchase 27,553 Ether (ETH) on November 2, 2026. As previously reported, on-chain investigator ZachXBT said the unidentified EU organization is suspected of losing more than $106 million across compromised centralized exchange accounts.
According to PANews and tracking data from Lookonchain, the wallet address 0x9EcA... carried out the purchases over five hours at an average price of about $2,286 per token. The buying began by swapping almost $38 million in USDC for 16,658 ETH on the Ethereum blockchain.
Following the transactions, the attacker moved the acquired assets through decentralized conversion mechanisms and platforms. The identities of the victim entity and the compromised centralized exchanges have not been confirmed.
Key facts
- 27,553 ETH purchased
- $62.97M spent by wallet
- Linked to suspected $106M exploit
- Average price of $2,286
Read the original at Cryptonews