€100 million stolen from a French bank in a cyberattack and converted into digital currencies

The French bank Crédit Mutuel Arkéa was hit by a cyberattack that enabled fraudulent transactions totaling nearly €100 million

The stolen funds were subsequently converted into cryptocurrencies, but some of them have been frozen as efforts continue to recover the rest

The bank confirmed that transfers were made from one of its accounts to other banks, without affecting customers’ accounts or causing them any losses

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