Kraken Restricts Accounts Linked to Suspected $133M Theft

Kraken restricted accounts linked to suspected cryptocurrency withdrawals that investigators estimate exceeded $133 million, while Crypto.com said it acted to stop associated funds from moving through its platform. The affected entity and the person or group responsible have not been identified, and the theft remains alleged rather than independently established. Blockchain investigator ZachXBT first reported losses of more than $106 million, then raised the estimate above $133 million after tracing an additional $27 million in withdrawals. His initial alert placed the withdrawals on November 1; the higher estimate was reported on November 3. The figures reflect his tracing claims, not a confirmed loss announced by an identified victim. Analytics firm Bitquery traced withdrawals through accounts at Kraken, Crypto.com and OKX. Its analysis found that about $62.98 million in USDC and USDT was converted into 27,553 ETH over roughly four hours. ZachXBT said the funds moved through cryptocurrency exchanges and cross-chain bridges, with some assets converted into Monero. Kraken said it restricted accounts connected to the suspected theft after learning that assets linked to it had...