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ZachXBT alleges cover-up as suspected crypto theft tops $133M

By Rony Roy

Blockchain investigator ZachXBT has raised the estimated value of a suspected cryptocurrency theft involving an unidentified European entity to more than $133 million after tracing another $27 million in withdrawals from centralized exchanges. In a November 3 update, ZachXBT said…

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Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

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Blockchain

A shared digital ledger in which records are grouped into blocks and linked so that past entries are very hard to change.

It underpins cryptocurrencies and is tested for payments, supply tracking and record keeping.

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