Hacking News
ZachXBT Names French Banking Giant in Alleged Crypto Heist
ZachXBT has identified Crédit Mutuel Arkéa as the alleged EU financial institution involved in a crypto theft exceeding $133 million. The investigation revealed suspicious withdrawals from centralized exchanges, with stolen funds laundered through various transactions and potentially higher due to over-the-counter (OTC) activity. The incident is part of a broader trend of significant crypto thefts, including breaches at BTCPay Server and Mercado Bitcoin, with Tether freezing $1.14 million in USDT related to the theft.