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.
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Related tickers and likely impact
BTC/USDT
• NeutralBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 11/03/2026 | 77,453.86 |
| Change that session | +0.83% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- ZachXBT names French bank Crédit Mutuel Arkéa as suspected victim of $133 million crypto theft
- 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.
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