ZachXBT names French bank Crédit Mutuel Arkéa as suspected victim of $133 million crypto theft

Source: CoinDesk ·

ZachXBT names French bank Crédit Mutuel Arkéa as suspected victim of $133 million crypto theft

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Blockchain sleuth ZachXBT says the French bank may have lost more than $133 million from crypto exchange accounts. Crypto.com confirms it has blocked funds linked to the theft. Prominent blockchain investigator ZachXBT has identified French banking group Crédit Mutuel Arkéa as the suspected victim of a cryptocurrency theft exceeding $133 million in a broadcast message on his Telegram channel earlier Wednesday. ZachXBT first reported the theft on Monday , putting losses at more than $106 million. He later found another $27 million in withdrawals from centralized crypto exchanges — raising the total to more than $133 million — and stating the amount stolen could be higher once over-the-counter (OTC) trades are included. Crédit Mutuel Arkéa confirmed the attack to CoinDesk on Wednesday, saying it had enabled fraudulent transactions but was now under control. The bank, which has over $250 billion in assets under management, did not disclose the amount stolen or whether the funds were…

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