News · Security & Hacks
The onchain researcher alleged that the French banking group suffered a multi-day crypto theft across centralized exchange accounts.
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ZachXBT alleged that French banking group Crédit Mutuel Arkéa lost over $133 million in a multi-day drain from its centralized exchange accounts .
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The attacker laundered stablecoins by swapping them into $ETH, bridging chains, using instant exchanges, and converting funds into Monero .
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Kraken and Crypto.com restricted accounts and blocked funds linked to the transfers, while the bank has not commented publicly .
Context
ZachXBT first flagged a $106 million drain from an unnamed EU entity on Nov. 1 before identifying an additional $27 million and attributing the target as Crédit Mutuel Arkéa on…
Why it matters
If confirmed, a regulated Western European bank with $235 billion in assets experienced a major nine-figure security failure directly via commercial exchange accounts .
What to watch
Public regulatory statements, formal disclosures from Crédit Mutuel Arkéa, and ongoing fund freezing actions from custodial crypto exchanges .
Sources
Built from 1 primary source, machine-checked before publication.
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