Taylor Monahan on the $30M bank hack that exchanges couldn’t freeze

Investigators traced stolen bank funds into crypto, but without a confirmed victim, exchanges had no green light to act Hackers stole $30 million from a bank, moved it into fresh accounts, and used it to buy crypto. Investigators tracked the money in near real time. The exchanges holding it still couldn’t freeze it. Nobody had officially confirmed there was a victim. That is the frustrating core of a case Taylor Monahan, the security researcher and MyCrypto founder, unpacked in a conversation with journalist Laura Shin on or about November 4, 2026.