French bank Crédit Mutuel Arkéa hit by $133M cyberattack, funds may have moved to crypto

French banking group Crédit Mutuel Arkéa has revealed on November 4 that hackers used its own account to make fraudulent transfers in a cyberattack involving a reported €118 million ($133 million), with some funds potentially converted into cryptocurrency. Crédit Mutuel Arkéa disclosed a cyberattack involving a reported €118 million ($133 million), but has not confirmed the exact loss. Hackers accessed the French bank through a third-party service provider and transferred money using its own account. The stolen funds may have been converted into cryptocurrency, although the bank has not confirmed any such transactions.

Also reported by Crypto News Flash.

Source: crypto.news