Crédit Mutuel Arkéa confirms hack, says €118M loss reports are close in scale

Crédit Mutuel Arkéa is owning up to a breach. The French bank confirmed a cyberattack in which hackers used its own account to move money, according to a report from Cointelegraph. Some of those funds may have been routed into crypto.

The bank also addressed the number circulating. It said reports of a €118M loss reflect the right order of magnitude — a phrasing that stops short of pinning down an exact figure.

The wrinkle that makes this one sting: the attackers didn't rely on a fake account. They moved the money through the bank's own, per the report. Whether the funds definitively landed in crypto is something the bank hasn't confirmed.

For now, the trail goes cold at the bank's own statement. Where the money ended up and who was behind the attack remain unclear, and Crédit Mutuel Arkéa hasn't laid out what comes next.