ZachXBT Says Exchange Accounts Drained of Over $133 Million Belonged to Crédit Mutuel Arkéa
By Unchained
AI summary of the source article
Onchain investigator ZachXBT alleged that French banking group Crédit Mutuel Arkéa lost over $133 million in a multi-day crypto drain from centralized exchange accounts. Kraken and Crypto.com have reportedly restricted accounts or blocked tied funds.
Why it matters
If the allegation holds, a regulated European bank, not a crypto-native firm, would sit at the center of a nine-figure crypto theft drawn from its own accounts at centralized exchanges. It would also put a spotlight on when a bank holding funds at crypto exchanges is expected to tell the public it was hit
Key facts
- ZachXBT alleged that French bank Crédit Mutuel Arkéa had more than $133 million drained from its centralized crypto exchange accounts.
- The drain began with $106 million pulled in USDC and USDT on November 1, followed by another $27 million in traced withdrawals.
- Kraken and Crypto.com have restricted accounts or blocked funds linked to the theft.
Source excerpt · Unchained
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. The post ZachXBT Says Exchange Accounts Drained of Over $133 Million Belonged to Crédit Mutuel Arkéa appeared first on Unchained .