ZachXBT, the on-chain investigator, has named a French bank as the alleged victim of a crypto theft that he says may have caused losses above 133 million. The bank has not publicly confirmed any involvement, so the claim remains unverified for now. Details about how the funds were moved or who was behind the incident have not been fully laid out.

Another reminder of how much attention on-chain sleuths are paying to large movements of funds, especially when traditional institutions are involved. Stay tuned for confirmations.

Source: https://cointelegraph.com/news/zachxbt-french-bank-credit-mutuel-arkea-133m-crypto-theft

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