France: Crédit Mutuel Arkéa targeted by crypto theft of $133 million, according to ZachXBT
Crypto theft of $133 million: ZachXBT designates Crédit Mutuel Arkéa, a Breton bank with a balance sheet of 211 billion euros. Withdrawals via Kraken, ether, Monero. The article France: Crédit Mutuel Arkéa targeted by…
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The message is in four lines, published on his Telegram channel:
“Update 2: I reveal that the European financial institution tapped for over $133 million is believed to be Crédit Mutuel Arkéa, a French bank that holds $235 billion in assets.
The attack on the bank took place over several days. I suspect the amount stolen is higher when OTC activity is taken into account. »
OTC activity refers to over-the-counter sales, which do not appear in the platforms' order books. The figure of 235 billion fits: the group had a balance sheet total of 211.6 billion euros at the end of 2025, for 5.64 million customers and 450 million euros in net profit.
Why would a mutual bank from Finistère hold $133 million in stablecoins on exchanges? Nobody knows yet. Crédit Mutuel Arkéa filed an application for MiCA approval (the European regulation on cryptoassets) in May to offer crypto services to its clients and white label via Arkéa Banking Services, according to L’Agefi. Its 2025 results press release does not mention any holding of cryptoassets for its own account.
The detail comes from Bitquery. The first withdrawal is from OKX on November 1 at 12:25 UTC, the next from Kraken 44 minutes later. Bitquery details $108.8 million in USDC flowing from Kraken, Crypto.com and OKX to fifteen wallets in 21 hours. Kraken concentrates almost 95% of the total and 178 withdrawals. By 23:10 UTC, 98% had already slipped away. ZachXBT then added $27 million in withdrawals, some of which came after its first alert.
What follows reads like a whitewashing manual. On the night of November 1 to 2, the hacker exchanged $63 million in stablecoins for 27,553 ETH via UniswapX, at $2,286 each. Then, some go to instant exchangers like Kyrrex or WellWallet. He converts another to Monero via Wagyu.
As of November 2 at 1:47 p.m. UTC, there is $78 million identifiable on-chain, including $3.7 million USDC that Circle can freeze.
Kraken and Crypto.com told Cointelegraph that they restricted accounts or blocked funds related to the alleged theft. Both platforms assure that they have not suffered any intrusion. Finally, ZachXBT rules out the North Korean lead “with a high degree of confidence”.
Machine-translated from French
Not cross-checked yet
Only Journal du Coin reports this story so far. We show it as a single source until another newsroom confirms it.
- Journal du Coin4 Nov, 07:01France: Crédit Mutuel Arkéa targeted by crypto theft of $133 million, according to ZachXBT ↗Figures: 133 millions · 211 milliards
| Publisher Journal du Coin (general tier) | +72 |
| Checkable figures cited | +3 |
| Detailed summary | +2 |
| Total | 77 |
Method: reports are grouped by the words of their headline and summary; each newsroom counts once; figures are read from the reports as published. Nothing here is written by an AI.