Crédit Mutuel Arkéa has confirmed it was hit by a cyberattack involving fraudulent transactions, but did not disclose the amount involved and said the attack had no financial consequences for customers. Blockchain investigator ZachXBT first reported alleged thefts of more than $133 million, claiming the attackers moved funds through cryptocurrency exchanges for several days before converting them into stablecoins. ZachXBT also accused the bank of alerting authorities too slowly, giving hackers time to launder more than $30 million that European authorities could potentially have frozen. The reported figures have not been independently verified, and the bank said it temporarily suspended certain transactions as a precaution. The incident comes amid major crypto thefts, including a $6.3 billion Binance breach that the FBI attributed to North Korean group TraderTraitor, a claim North Korea rejects.
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- ZachXBT identifies French bank as alleged victim of $133M crypto theft
Onchain investigator ZachXBT has identified French banking group Crédit Mutuel Arkéa as the alleged victim of a crypto theft exceeding $133 million, and warned the total could be higher because some OTC transactions may not be counted. The bank's involvement has not been independently verified or confirmed by the bank, which did not respond to Cointelegraph's request for comment. ZachXBT first flagged over $106 million in suspicious withdrawals from centralized exchanges on Monday, then raised the estimate after another $27 million surfaced on Tuesday. Blockchain analytics firm Bitquery traced about $63 million in stablecoins converted into Ether within four hours, and Kraken and Crypto.com said they had restricted accounts or blocked related funds, stating their platforms remained secure.
- ZachXBT Names French Bank Crédit Mutuel Arkéa as Alleged Victim of $133M Crypto Theft
ZachXBT named French banking group Crédit Mutuel Arkéa as the alleged victim of a crypto theft of more than $133 million that unfolded over multiple days, and suspects the total is higher once OTC activity is counted. He first said an unnamed EU entity may have lost over $106 million from accounts at several exchanges on November 1, then added $27 million more and published four Ethereum addresses linked to the theft. The bank has not publicly confirmed any theft, though it had applied for a MiCA license to offer crypto services to retail customers. ZachXBT argued the incident had not been properly disclosed, which he said kept roughly $30 million in stolen funds from being frozen, and said with high confidence that the attacker is not the Lazarus Group. He did not explain how he identified the bank or how the attacker gained access to exchange accounts.
- ZachXBT names French bank Crédit Mutuel Arkéa as suspected victim of $133 million crypto theft
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