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ZachXBT Says Exchange Accounts Drained of Over $133 Million Belonged to Crédit Mutuel Arkéa
The onchain investigator says the attack ran for several days and the true loss may be larger once over-the-counter trades are counted; the bank has not commented publicly.
Dextape brief
ZachXBT, an onchain investigator, has alleged that Crédit Mutuel Arkéa, a French banking group with about $235 billion in assets, is the bank that lost over $133 million in a suspected crypto drain. In a Telegram update, he said the attack ran for several days and that the total may be larger once over-the-counter trades are counted. The bank had not responded to Unchained's request for comment. Earlier, ZachXBT flagged $106 million pulled on November 1 from an unnamed European entity's accounts at several centralized exchanges, mostly in USDC and USDT, then traced another $27 million. Per his earlier posts, the funds were moved through ETH swaps, instant exchanges, Monero and cross-chain bridges. Kraken and Crypto.com told Cointelegraph they have limited accounts and frozen funds linked to the theft.
Why it matters: It matters because a regulated bank, not a crypto-native firm, could be at the center of a nine-figure theft, which raises questions about disclosure timing.
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