🇫🇷 A French bank has reportedly suffered a massive hack involving more than $133 million in cryptocurrency, according to information uncovered by on-chain investigator ZachXBT.
According to his initial investigations, on November 1, an attacker reportedly managed to siphon more than $106 million from several accounts held on crypto exchanges.
But the incident may not have stopped there. Despite an initial public warning, the hacker reportedly managed to extract an additional $27 million.
The stolen funds were then allegedly converted into Ethereum (ETH) and Monero (XMR), after passing through USDC and USDT. They were also reportedly spread across several blockchains to make them harder to trace.
According to ZachXBT, the alleged victim is Crédit Mutuel Arkéa, a French banking group that reportedly manages around $235 billion in assets.
The investigator even believes that the total losses could exceed the $133 million identified so far.
At this stage, Crédit Mutuel Arkéa has not officially confirmed that it was the victim of this attack. The victim's identity has yet to be established.
Another important point: ZachXBT does not believe this operation is linked to the notorious North Korean hacking group Lazarus.
According to his initial investigations, on November 1, an attacker reportedly managed to siphon more than $106 million from several accounts held on crypto exchanges.
But the incident may not have stopped there. Despite an initial public warning, the hacker reportedly managed to extract an additional $27 million.
The stolen funds were then allegedly converted into Ethereum (ETH) and Monero (XMR), after passing through USDC and USDT. They were also reportedly spread across several blockchains to make them harder to trace.
According to ZachXBT, the alleged victim is Crédit Mutuel Arkéa, a French banking group that reportedly manages around $235 billion in assets.
The investigator even believes that the total losses could exceed the $133 million identified so far.
At this stage, Crédit Mutuel Arkéa has not officially confirmed that it was the victim of this attack. The victim's identity has yet to be established.
Another important point: ZachXBT does not believe this operation is linked to the notorious North Korean hacking group Lazarus.
