A French bank just showed up in a crypto theft story.
On-chain investigator ZachXBT says the institution behind a theft of more than $133 million is Crédit Mutuel Arkéa, a French banking group with roughly $235 billion in assets. It's still an allegation from on-chain work, so treat the name with care until the bank confirms.
What happened, per ZachXBT: funds were pulled from several exchange accounts on Nov 1, withdrawn as USDC and USDT, then swapped into $ETH and the privacy coin $XMR and spread across chains.
My take: as big institutions bring big balances into crypto, attackers follow the money. An exchange account is only as safe as the people and keys behind it. If you hold on an exchange, use withdrawal address whitelists and hardware 2FA, and keep long-term coins in self-custody. Never share seed phrases and ignore DMs.
#CryptoSecurity #CryptoNews #Hack
Not financial advice.
On-chain investigator ZachXBT says the institution behind a theft of more than $133 million is Crédit Mutuel Arkéa, a French banking group with roughly $235 billion in assets. It's still an allegation from on-chain work, so treat the name with care until the bank confirms.
What happened, per ZachXBT: funds were pulled from several exchange accounts on Nov 1, withdrawn as USDC and USDT, then swapped into $ETH and the privacy coin $XMR and spread across chains.
My take: as big institutions bring big balances into crypto, attackers follow the money. An exchange account is only as safe as the people and keys behind it. If you hold on an exchange, use withdrawal address whitelists and hardware 2FA, and keep long-term coins in self-custody. Never share seed phrases and ignore DMs.
#CryptoSecurity #CryptoNews #Hack
Not financial advice.
