ZachXBT Links French Bank Crédit Mutuel Arkéa to $133 Million Crypto Theft

Blockchain investigator ZachXBT has identified French banking group Crédit Mutuel Arkéa as the likely victim of a massive $133 million cryptocurrency theft. The funds were allegedly stolen from the bank's accounts on an unnamed crypto exchange, according to ZachXBT's on-chain analysis. Crypto.com has confirmed that it has blocked some funds connected to the theft, though the exchange did not disclose the amount. The incident highlights the growing risk of cyberattacks on traditional financial institutions entering the digital asset space. Crédit Mutuel Arkéa, a major cooperative bank in France, has not yet publicly commented on the reported loss. If confirmed, this would be one of the largest crypto thefts involving a traditional bank, underscoring the need for robust security measures as banks expand crypto services. The case also demonstrates the role of independent blockchain sleuths in tracing stolen assets and prompting exchange-level freezes. As investigations continue, the crypto community will watch for further asset recoveries and potential regulatory responses in France and beyond.