Raymond Names Fortuneo as Target in $133 Million Crypto Theft Allegation

French crypto journalist Grégory Raymond has named Fortuneo, the online banking arm of Crédit Mutuel Arkéa, as the target of an alleged $133 million crypto theft. Raymond alleges attackers used fabricated identities that passed know-your-customer (KYC) checks to open accounts at Kraken and other crypto exchanges. They then sent funds from Fortuneo accounts to those exchange accounts using recipient names that matched the account holders, before converting the money to stablecoins and withdrawing it to external wallets. Raymond said the $133 million represents only the portion visible on-chain and that total losses may be higher.

Source: TokenPost