# Attacker Allegation Linked to Whale’s $63 Million Ethereum Buy: Exchange Accounts Targeted

> A whale wallet that bought approximately $63 million worth of Ethereum on-chain has been linked to allegations that an organization in the European Union may have lost more than $106…

**A [whale](https://koinbulteni.com/en/glossary/what-is-a-crypto-whale) wallet that bought approximately $63 million worth of Ethereum on-chain has been linked to allegations that an organization in the European Union may have lost more than $106 million from its exchange accounts.**

According to information reported by Lookonchain, citing on-chain investigator **ZachXBT**, an organization based in the European Union is suspected of losing **more than $106 million in assets from accounts at multiple centralized exchanges**. The post identified the **0x9eca** address, tracked for its large [Ethereum](https://koinbulteni.com/en/coins/ethereum) purchases, as a wallet used by the attacker.

### What is behind the whale’s purchase?

In an earlier update, Lookonchain reported that the wallet had **spent $62.97 million to buy 27,553 ETH in five hours**. The average purchase price was **$2,286** per Ethereum in the on-chain transactions.

The latest post linked these transactions, previously tracked as a whale purchase, to a possible security incident. It also reported that the funds had been **moved across multiple platforms**.

The post did not name the organization or the exchanges where its accounts were held. While the allegations center on the organization’s exchange accounts, no details were shared about how they were accessed.