Timeline

The Spectre news wire first carried the story at 12:34 UTC on 2026‑11‑02, reporting that an EU entity lost over $106M in a crypto theft. The report describes the attacker swapping USDC for ETH and then converting the ETH into Monero (XMR). Monero has not yet confirmed the incident, so it remains a developing story.

  • 12:34 UTC – Spectre wire reports EU entity loss >$106M
  • Attack method: USDC → ETH → XMR
  • Monero status: not yet confirmed (developing)
  • XMR price at 610.90, unchanged since report
  • BTC fell to 77,843, down 0.2%

Market reaction

Spectre’s 15‑minute candle data shows XMR on Kraken spot remained flat at 610.90 after the report, while Bitcoin on Binance spot slipped 0.2% to 77,843.

  • XMR 15‑min close unchanged at 610.90
  • BTC 15‑min low 77,843, down 0.2%

Potential impact

The alleged $106M loss makes this one of the larger thefts involving a privacy‑focused coin. Moving such a sum through USDC and ETH before landing in XMR could draw regulatory attention to stablecoin and ether transaction flows.

  • Loss size >$106M places it among biggest Monero‑related thefts
  • Use of USDC and ETH as bridges may affect liquidity perceptions
  • Privacy‑coin scrutiny could rise pending official response

Next steps

With Monero yet to comment, the story remains open. Market participants will watch for official statements, any asset freezes, and further price movement in related tokens.

  • Watch for Monero’s official response
  • Monitor for possible freezes on USDC or ETH linked to the hack
  • Track XMR and BTC price action for continued volatility

Live tracker: Crypto market today, today’s numbers, updated through the day.

What to watch

  • Monero official statement
  • Confirmation of theft size
  • Potential freezes on USDC/Eth assets

Questions readers ask

Has Monero confirmed the theft?

No, Monero has not confirmed the incident; the status remains developing.

How much was reportedly stolen?

The Spectre wire reports the loss as over $106M.

What was the attacker's method?

According to the report, the attacker swapped USDC for ETH and then converted the ETH into XMR.

Did the theft affect XMR’s price?

XMR’s price on Kraken spot stayed flat at 610.90 after the report.

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Sources

  1. tayvano_: Community post
  2. cryptogoos: Community post
  3. lookonchain: Community post
  4. CW8900: Community post
  5. CW8900: Community post
  6. [object Object]: Live updates: Bitcoin’s round trip to $85,000 burns traders on both sides
  7. [object Object]: Monero futures are again heating with leverage, raising volatility risks
  8. [object Object]: Bitcoin Falls Asleep, But Privacy Coins Zcash and Monero Are Waking Up
  9. Spectre Search: "XMR incident"
  10. Spectre evidence snapshot for this article (2026-11-02)

See a discrepancy? Send the article URL and supporting evidence to spectre@spectreai.io.

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