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$133M Just Walked Out Through Kraken, Crypto.com and OKX. Nobody Has Admitted Being Robbed, and ZachXBT Thinks a European Institution Is Covering It Up

ZachXBT flagged about $106M in suspicious outflows on Monday, then found another $27M on Tuesday, some of it withdrawn after his first alert. Kraken says the incident didn't start on its platform and has restricted the accounts involved. Crypto.com says it's blocking the funds. OKX says it's looking into it. The victim still hasn't come forward, and ZachXBT's working theory is that a large Western European financial institution got hit and is keeping quiet.

Nov 4, 2026 · 5 min read

The SEC Just Told Fund Managers They Can Hold Your Crypto Keys Themselves. The Catch: Every Quarter They Have to Write Down That Nobody Else Will

Oct 2, 2026 · 6 min read

On October 1 the SEC proposed a crypto custody framework for investment advisers and regulated funds. Advisers could self-custody client crypto if they document, before they start and every quarter after, that no permitted custodian will hold the asset. Transfers need two people to sign off, every client gets a separate address, and state-chartered trust companies become qualified custodians. Three years ago the Gensler-era SEC proposed a custody rule that would have pushed advisers toward banks and broker-dealers. It was withdrawn in June 2025. The new one landed a day before the commission shrinks to two members.

Last Week Manhattan Prosecutors Moved to Seize $61M of Iranian Oil Money That Ran Through Binance. This Week They're Investigating Binance

Sep 22, 2026 · 6 min read

Bloomberg reports the Manhattan US Attorney's office, with DOJ's Criminal Division, is investigating whether Binance knowingly let trading that violated Iran sanctions continue on its platform. It lands seven days after the same office filed to forfeit $61 million in Iranian oil proceeds laundered through Binance accounts, and seven months after the Wall Street Journal reported Binance's own compliance team flagged $1.7 billion flowing from Chinese clients to Iran-linked wallets. Binance already pleaded guilty and paid $4.3 billion for this exact category of failure in 2023. Its founder was pardoned in October. Here is what a second case would mean.

$133M Just Walked Out Through Kraken, Crypto.com and OKX. Nobody Has Admitted Being Robbed, and ZachXBT Thinks a European Institution Is Covering It Up

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