THE BLOCK · 2026-11-04 04:57 UTC

French bank Crédit Mutuel Arkéa exploited for over $133 million, ZachXBT says

Onchain investigator ZachXBT identified French cooperative bank Crédit Mutuel Arkéa as the victim of a theft estimated at over $133 million, with funds withdrawn as USDC and USDT across multiple days. ZachXBT stated he has 'high degree of confidence' the attacker is not associated with North Korea's Lazarus Group, and criticized the institution for allegedly allowing over $30 million to be laundered. Crédit Mutuel Arkéa has not issued any public statement confirming or denying the incident; claims remain based on ZachXBT's analysis and have not been independently verified.

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