France · European Union · Decrypt
Crédit Mutuel Arkéa has not publicly confirmed any theft
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
◎ Multiple-sources
The mutual banking group has been preparing to move into crypto.
Key facts
- In an update earlier on Tuesday, he said he had identified a further $27 million in exchange withdrawals by the attacker, bringing the total to more than $133 million, and that some
- Disclosing the EU financial institution exploited for $133M+ is allegedly Credit Mutuel Arkea, a French bank with $235B in assets," ZachXBT wrote on his Telegram channel on Tuesday
- ZachXBT first flagged the suspected theft on Monday, saying an unnamed entity in the European Union may have lost more than $106 million from accounts at several crypto exchanges on November 1
- The allegation comes days after the $6.3 billion hack of Binance, the largest crypto theft on record, which the FBI has attributed to North Korean hackers
Summary
Onchain investigator ZachXBT has named French banking group Crédit Mutuel Arkéa as the alleged victim of a crypto theft of more than $133 million. ZachXBT said the attack took place over multiple days, and that he suspects the total is higher once over-the-counter activity is counted. "Disclosing the EU financial institution exploited for $133M+ is allegedly Credit Mutuel Arkea, a French bank with $235B in assets," ZachXBT wrote on his Telegram channel on Tuesday. ZachXBT first flagged the suspected theft on Monday, saying an unnamed entity in the European Union may have lost more than $106 million from accounts at several crypto exchanges on November 1.