Over $106M Stolen in EU Crypto Heist, Stablecoins Targeted
An EU-based entity reportedly lost more than $106 million in a crypto theft involving major stablecoins.
An EU-based entity reportedly lost more than $106 million in a crypto theft involving major stablecoins. This is an original TLT brief synthesising 2 outlets (The Cryptonomist, Coinfomania), with their figures cross-checked, plus live market data, as of Mon, 02 Nov 2026 14:15:02 UTC.
This incident highlights the ongoing risks of centralized exchange vulnerabilities and the potential impact on stablecoin markets, given the large sum involved.
- EU entity lost over $106M in crypto theft on November 1, 2026.
- Theft involved funds held across multiple centralized exchange accounts.
- Stolen assets primarily included USDC and USDT stablecoins.
- Incident raises concerns about exchange security and stablecoin safety.
The Cryptonomist and Coinfomania both report that an EU-based entity suffered a crypto theft exceeding $106 million on November 1, 2026. Both outlets agree that the stolen funds were held across multiple centralized exchange accounts and primarily involved USDC and USDT stablecoins. However, Coinfomania specifically emphasizes the implications for stablecoin security, while The Cryptonomist focuses on the broader theft details.
On November 2, 2026, on-chain investigator ZachXBT reported that an EU-based entity had suffered a crypto theft exceeding $106 million. The incident occurred on November 1, 2026, and involved funds held across multiple centralized exchange accounts.
The stolen assets primarily included USDC and USDT stablecoins, according to reports from The Cryptonomist and Coinfomania. These outlets corroborate the $106 million figure and the involvement of major stablecoins in the theft.
The Cryptonomist and Coinfomania both highlight the severity of the incident, with Coinfomania specifically noting that the large sum involved raises concerns about the security of centralized exchanges and the safety of stablecoins.
The circulating supplies of the affected stablecoins, as of the time of reporting, were $179.23 billion for USDT and $71.35 billion for USDC, according to DeFiLlama. This context underscores the significant scale of the theft relative to the overall stablecoin market.
The broader crypto market remains relatively stable, with a total market cap of $2.67 trillion. 
Bitcoin is down 0.24% in the past 24 hours, and the Fear & Greed index stands at 37, indicating a 'Fear' sentiment.
1 key figure independently matched across 2 outlets reporting this story.
TLT extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Figures and sectors in this story, checked live against on-chain aggregators · November 2, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Over $106M Stolen in EU Crypto Heist, Stablecoins Targeted — questions & answers
What is the total amount lost in the crypto theft?
The reported loss exceeds $106 million.
Which stablecoins were involved in the theft?
The stolen funds primarily included USDC and USDT stablecoins.
When did the crypto theft occur?
The theft took place on November 1, 2026.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from The Cryptonomist, Coinfomania, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.