ZachXBT identifies French bank as alleged victim of $133M crypto theft
Summary
Onchain investigator ZachXBT alleges that French banking group Crédit Mutuel Arkéa suffered a crypto theft exceeding $133 million over several days, with possible additional losses through OTC transactions. The bank’s involvement and the attack method have not been independently verified. ZachXBT’s estimate rose from more than $106 million after he identified another $27 million in suspicious withdrawals. Bitquery traced activity involving Kraken, Crypto.com and OKX, including about $63 million in stablecoins converted to Ether within four hours. Kraken and Crypto.com said they restricted accounts or blocked funds linked to the suspected theft and that their platforms were secure.
