Crédit Mutuel Arkéa Says Attackers Drained Its Own Account and May Have Cashed Out in Crypto

Crédit Mutuel Arkéa , the French banking group that onchain investigator ZachXBT named as the victim of a suspected nine-figure theft, confirmed on Nov. 4 that it was hit by an attack that let fraudulent operations go through. In a second statement the same day, the bank said the attackers may have turned the money into crypto . According to that follow-up, which Arkéa published in French as answers to press questions, the attackers used the bank’s own account, not customer accounts, to send transactions to other banks. Those transactions then potentially allowed them to convert the funds into crypto through specialized platforms, Arkéa said. Its first statement, issued at 1 p.m. local time, did not mention crypto.

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