French bank Crédit Mutuel Arkéa exploited for over $133 million, ZachXBT confirms
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
◎ Multiple-sources
Onchain investigator ZachXBT has identified French cooperative bank Crédit Mutuel Arkéa as the alleged victim of a theft estimated at more than $133 million.
Key facts
- The bank has more than 5.6 million customers, with total assets of 211.5 billion euros (around $237 billion)
- ZachXBT first reported on Nov. 2 that an unnamed EU entity had lost over $106 million from multiple centralized exchange accounts the previous day, with funds withdrawn as USDC and USDT
- A day later, he raised the total stolen amount to above $133 million after tracing an additional $27 million in withdrawals, some of which occurred after his initial disclosure
- On the evening of Nov. 3, he stated that the institution is allegedly Crédit Mutuel Arkéa, a French bank with approximately $235 billion in assets
Summary
ZachXBT first reported on Nov. 2 that an unnamed EU entity had lost over $106 million from multiple centralized exchange accounts the previous day, with funds withdrawn as USDC and USDT. A day later, he raised the total stolen amount to above $133 million after tracing an additional $27 million in withdrawals, some of which occurred after his initial disclosure. On the evening of Nov. 3, he stated that the institution is allegedly Crédit Mutuel Arkéa, a French bank with approximately $235 billion in assets. "Over the past 24 hours the illicit actor has been aggressively swapping USDC for ETH, transferring to instant exchanges (WellWallet, Kyrrex, etc), converting to XMR via Wagyu, and bridging across multiple chains," ZachXBT wrote in his Nov.