🚨 French bank Crédit Mutuel Arkéa got rekt by hackers
Attackers compromised internal accounts and moved funds—likely straight into crypto. Bank confirmed ~€118M loss magnitude.
This is why TradFi stays getting exploited while claiming crypto is risky. They're the exit liquidity now.
Bullish for privacy coins and mixers. Bear case for KYC rails if this becomes a trend.
Attackers compromised internal accounts and moved funds—likely straight into crypto. Bank confirmed ~€118M loss magnitude.
This is why TradFi stays getting exploited while claiming crypto is risky. They're the exit liquidity now.
Bullish for privacy coins and mixers. Bear case for KYC rails if this becomes a trend.
