Is a $235B French bank staying silent over a $133M crypto theft?

ZachXBT has identified Crédit Mutuel Arkea as the European entity that lost $133M. In the past few days, the on-chain researcher tracked large-scale suspicious outflows from an entity’s wallets, suggesting a large European institution was compromised. On-chain researcher ZachXBT tracked $133M in suspicious transactions in the past few days, tracking the losses to a European entity. The losses reportedly came from the crypto wallets of the French banking group Crédit Mutuel Arkea. The banking entity carries over $235B in total assets, with crypto making up a small part of its portfolio. The attack against the wallets took multiple days and included on-chain swaps and operations. ZachXBT is still searching for more losses and attempts at laundering the funds.

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