EU entity just got rekt for $106M across multiple CEX accounts on Nov 1st. Funds drained in $USDC and $USDT.
ZachXBT didn't drop names, but the profile screams institutional:
- Multi-CEX setup with 9-figure stablecoin positions
- Classic market maker or quant fund footprint
- Could be large OTC desk or prop trading operation
Retail whales don't structure like this. Banks and custody providers don't either. This is a professional trading infrastructure that got completely compromised.
Someone's risk management just failed catastrophically. When you're moving this size across exchanges, one security gap = total wipeout.
ZachXBT didn't drop names, but the profile screams institutional:
- Multi-CEX setup with 9-figure stablecoin positions
- Classic market maker or quant fund footprint
- Could be large OTC desk or prop trading operation
Retail whales don't structure like this. Banks and custody providers don't either. This is a professional trading infrastructure that got completely compromised.
Someone's risk management just failed catastrophically. When you're moving this size across exchanges, one security gap = total wipeout.
