On-chain investigator ZachXBT disclosed on November 4 that the financial institution allegedly affected by a crypto theft exceeding $133 million is Crédit Mutuel Arkéa, a French banking group with approximately $235 billion in assets. ZachXBT previously reported that an EU-based entity was suspected of losing more than $106 million from multiple centralized exchange accounts on November 1. The suspected attacker withdrew funds in USDC and USDT before swapping assets into ETH and privacy coin XMR and transferring funds across multiple blockchains.
