ZachXBT Tracked a $133M Crypto Theft for Two Days. Then He Named the Victim

On-chain investigator ZachXBT has named French cooperative bank Crédit Mutuel Arkéa as the alleged victim of a crypto theft. He estimates the losses at more than $133 million. Crédit Mutuel Arkéa had not issued a public statement at the time of writing. ZachXBT also suspects the final figure is larger once over-the-counter (OTC) trades are counted. How a $106 Million Alert Led to a French Bank ZachXBT first flagged the incident on November 2 . At the time, he said an unnamed EU entity had lost over $106 million from several centralized exchange accounts. He said the funds left those accounts as USDC (USDC) and Tether (USDT). A day later, he reported another $27 million in exchange withdrawals. Some came after his first public warning.

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