ZachXBT names French bank in alleged $133M theft
Key points
- Blockchain investigator ZachXBT identified Crédit Mutuel Arkéa as the alleged victim of a crypto theft exceeding $133 million.
- He warned that additional losses could involve over-the-counter transactions excluded from earlier estimates.
- Bitquery traced approximately $63 million in stablecoins converted into 27,553 Ether within four hours.
Onchain investigator ZachXBT identified Crédit Mutuel Arkéa as the alleged victim of a crypto theft exceeding $133 million.
ZachXBT described the French banking group as holding $235 billion in assets and said the incident spanned multiple days.
“I suspect the amount stolen is larger when accounting for OTC activity,” ZachXBT said on Telegram.
He warned that earlier estimates may exclude additional losses linked to over-the-counter transactions.
Bitquery traced $62.98 million in stablecoins converted into 27,553 Ether (ETH) through UniswapX within approximately four hours.
The funds moved through accounts at Kraken, Crypto.com and OKX, according to Bitquery’s analysis.
Kraken restricted linked accounts, while Crypto.com blocked associated funds; both exchanges said their platforms remained secure.
The alleged theft highlights the financial risks facing banks as digital asset activity intersects with traditional financial infrastructure.
Frequently asked questions
More from Crypto
Democrats’ midterm gains put crypto policy in flux
CertiK expands UAE digital asset security partnerships
GitBook restores services after AI-agent cyberattack
South Korea weighs cross-government cybersecurity command
Securitize expands tokenised stock offering to 25 equities
SEC staff grants Canton Coin limited minting relief
