ZachXBT names French bank Crédit Mutuel Arkéa as suspected victim of $133 million crypto theft

Blockchain sleuth ZachXBT says the French bank may have lost more than $133 million from crypto exchange accounts. Crypto.com confirms it has blocked funds linked to the theft.

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  1. Basis of Allegations and Investigation: Blockchain investigator ZachXBT attributed the theft to Crédit Mutuel Arkéa after monitoring suspicious withdrawals from centralized exchanges. The total estimated value reached over $133 million as of November 4, 2026, with further potential losses expected through over-the-counter (OTC) channels.
  2. Exchange Security Actions: Centralized exchanges identified in the fund flow, including Kraken and Crypto.com, have restricted accounts or blocked assets linked to the unauthorized activity. These platforms have maintained that their internal security measures remain intact despite the occurrence of these withdrawals.

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