🚨$ETH A French bank just got named in a $133 million on-chain drain
ZachXBT identified Crédit Mutuel Arkéa as the alleged victim after tracing more than 133 million in stablecoin withdrawals from major exchanges. Funds moved into ether then privacy routes
The bank said the situation is under control and clients face no impact. Part of the flow continued after the first public alert
The concrete question now is how much remains freezable versus already converted. Circle and Tether freezes so far have been limited. Watch the next batch of wallet labels
ZachXBT identified Crédit Mutuel Arkéa as the alleged victim after tracing more than 133 million in stablecoin withdrawals from major exchanges. Funds moved into ether then privacy routes
The bank said the situation is under control and clients face no impact. Part of the flow continued after the first public alert
The concrete question now is how much remains freezable versus already converted. Circle and Tether freezes so far have been limited. Watch the next batch of wallet labels
