COINTELEGRAPH · 2026-11-04 03:35 UTC

ZachXBT identifies French bank as alleged victim of $133M crypto theft

Onchain investigator ZachXBT identified French banking group Crédit Mutuel Arkéa as the alleged victim of a crypto theft exceeding $133 million, with potential total losses higher when accounting for OTC transactions. The theft occurred over multiple days with withdrawals traced across Kraken, Crypto.com, and OKX, with approximately $63 million in stablecoins converted to Ether within four hours. Kraken and Crypto.com have restricted accounts and blocked funds related to the suspected theft, though the bank's involvement has not been independently verified and the attack method remains…

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