Crédit Mutuel Arkéa Allegedly Exploited for More Than $133 Million, ZachXBT Says

Onchain investigator ZachXBT alleges French cooperative bank Crédit Mutuel Arkéa was exploited for more than $133 million. He identified the bank on Nov. 3 after tracing an additional $27 million in withdrawals beyond the more than $106 million he reported on Nov. 2, according to The Block. The bank has not confirmed the incident, and the claims have not been independently verified; ZachXBT said losses could be higher, including possible over-the-counter activity.