POPA ReconUpdate: I’ve identified an additional $27M+ of CEX withdrawals by the illicit actor bringing the total to $133M+ for the incident.
Update: I’ve identified an additional $27M+ of CEX withdrawals by the illicit actor bringing the total to $133M+ for the incident. A portion of the CEX withdrawals occurred after my initial disclosure. My working theory is a large financial institution in Western Europe was exploited and it’s currently being covered up. No proper incident disclosure has resulted in $30M+ being laundered away which could have been frozen by EU law enforcement.
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