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Crédit Mutuel Arkéa Says Attackers Drained Its Own Account and May Have Cashed Out in Crypto

Crédit Mutuel Arkéa Says Attackers Drained Its Own Account and May Have Cashed Out in Crypto

Photo: Unchained

The French bank says the attackers worked through its own account, not customers’, and won’t confirm the reported €118 million ($133 million) loss beyond saying the scale is about right. Crédit Mutuel Arkéa , the French banking group that onchain investigator ZachXBT named as the victim of a suspected nine-figure theft, confirmed on Nov. 4 that it was hit by an attack that let fraudulent operations go through. In a second statement the same day, the bank said the attackers may have turned the money into crypto .

Source: Unchained

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