Crypto.com also took steps to block funds tied to the suspected theft, while Kraken said its systems and customer accounts were not compromised.

Update (Nov. 3, 2026, 11:51 am UTC): This article has been updated with a revised headline and responses from Kraken, OKX and Crypto.com.

Kraken has restricted accounts linked to a suspected crypto theft of more than $133 million from an unidentified European Union entity and is working with law enforcement to support recovery efforts.

“This incident did not originate on the Kraken platform, and we’re actively investigating reports that some of the assets were subsequently moved through accounts on our platform,” Kraken told Cointelegraph. “We’ve restricted the accounts in question and are working with law enforcement to support recovery efforts.”

Kraken’s statement follows blockchain investigator ZachXBT’s disclosure on Tuesday that he identified another $27 million in withdrawals from centralized exchanges, increasing the suspected losses from the $106 million he reported on Monday. He said some withdrawals occurred after his initial disclosure.

Bitquery reported that the suspected stolen funds were withdrawn from accounts at Kraken, Crypto.com and OKX. It also found that $62.98 million in stablecoins was converted into 27,553 Ether (ETH) within roughly four hours.

Kraken said its security systems had not been compromised, no customer accounts had been taken over and there was no ongoing risk to its customers.

Crypto.com told Cointelegraph that it had taken steps to prevent funds associated with the incident from moving through its platform.

com,” a spokesperson said.

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