French Bank Arkéa Confirms Massive Crypto Hack
French bank Crédit Mutuel Arkéa has confirmed a massive cyberattack, netting hackers over $133 million in cryptocurrency. The digital heist spanned 21 hours, involving suspicious transfers across major exchanges before the thieves converted the funds to evade detection.
:Crédit Mutuel Arkéa has officially confirmed that its systems were compromised in a major cyberattack, resulting in the theft of more than $133 million worth of cryptocurrency.
The digital operation involved sophisticated maneuvers tracked by @zachxbt, who traced $108.8 million in USDC withdrawals across several platforms.
These funds were siphoned off from major exchanges including Krakenfx, Cryptocom, and OKX over a continuous period of more than 21 hours.
The hackers employed a specific strategy to clear their tracks. After moving the stolen stablecoins, they converted the $108.8 million into ETH to deliberately bypass potential stablecoin freezes.
This massive incident highlights the severe risks financial institutions face when operating within the evolving crypto landscape.
TopicsCrédit Mutuel Arkéa · Krakenfx · Cryptocom · OKX · $USDC · $ETH
Source: x.com
Written by Paparazzi with AI. Not financial advice.
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