CRYPTO CRIME | A French Bank Loses Over $130 Million in Stolen Crypto

Blockchain investigator ZachXBT has raised his estimate of a suspected cryptocurrency theft involving a French bank to more than $133 million after tracing an additional $27 million in exchange withdrawals. The investigator said the suspected major Western European financial institution, the French banking group, Crédit Mutuel Arkéa, was compromised, although the victim’s identity and allegations of a cover-up remain unverified. Key developments: $133M+ suspected stolen: Up from the initial estimate of $106 million reported earlier. $27M in additional withdrawals: Some transactions occurred after ZachXBT’s initial disclosure.