ZachXBT Names French Banking Giant in Alleged $133M Crypto Heist

ZachXBT has identified French bank Crédit Mutuel Arkéa as the alleged EU financial institution behind a crypto theft of more than $133 million. In his latest update, the blockchain investigator said the bank, which reportedly holds over $235 billion in assets, was targeted over multiple days. The disclosure follows his earlier investigation into suspicious withdrawals from multiple centralized exchange accounts, which was initially estimated at around $106 million. The stolen funds were reportedly withdrawn in USDC and USDT before being moved through a series of transactions involving ETH swaps, instant exchanges, privacy-focused cryptocurrency Monero (XMR), and cross-chain bridges.