Crédit Mutuel Arkéa confirms it was hacked; ZachXbt estimates losses of over $133 million.
According to Bitcoin News, the bank confirmed that hackers carried out fraudulent transactions. Blockchain analytics firm Bitquery tracked $108.8 million in USDC transferred out of accounts at Kraken, Crypto.com, and OKX over 21 hours. To avoid the issuer freezing the funds, $63 million was converted into 27,553 ETH within four hours.
· The bank says the attack has been contained and customers will not lose funds, but the total amount stolen has not yet been confirmed.
· Converting stablecoins into ETH was intended to avoid an issuer freeze. This only indicates how the funds were moved; it does not reflect the scale of the losses.
Will the final amount stolen be close to ZachXbt’s estimate, or to the figure confirmed by the bank?
According to Bitcoin News, the bank confirmed that hackers carried out fraudulent transactions. Blockchain analytics firm Bitquery tracked $108.8 million in USDC transferred out of accounts at Kraken, Crypto.com, and OKX over 21 hours. To avoid the issuer freezing the funds, $63 million was converted into 27,553 ETH within four hours.
· The bank says the attack has been contained and customers will not lose funds, but the total amount stolen has not yet been confirmed.
· Converting stablecoins into ETH was intended to avoid an issuer freeze. This only indicates how the funds were moved; it does not reflect the scale of the losses.
Will the final amount stolen be close to ZachXbt’s estimate, or to the figure confirmed by the bank?
