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ZachXBT: French bank loses $133M
Onchain investigator ZachXBT has identified a French bank as the alleged victim of a crypto theft exceeding $133 million. The bank, Crédit Mutuel Arkéa, has not confirmed its involvement. The total losses could be higher due to additional over-the-counter transactions.
Onchain investigator ZachXBT has identified French banking group Crédit Mutuel Arkéa as the alleged victim of a crypto theft exceeding $133 million.
The bank has $235 billion in assets and was allegedly exploited over multiple days. ZachXBT suspects the amount stolen is larger when accounting for over-the-counter activity.
The disclosure follows ZachXBT's initial report of over $106 million in suspicious withdrawals from centralized exchanges, which was later raised to over $133 million after discovering another $27 million in withdrawals.
Source: cointelegraph.com
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