A Week After Binance Hack, ZachXBT Estimates $133 Million Crypto Theft at France's Arkéa
Summary
- Blockchain investigator ZachXBT said France's banking group Crédit Mutuel Arkéa was likely hit by a $133 million cryptocurrency hack.
- Arkéa acknowledged that a hacking attack had occurred, but did not disclose whether the stolen assets were fiat currency or cryptocurrency, and said customers suffered no financial losses.
- ZachXBT first identified signs that more than $106 million had been stolen from a European institution, then found an additional $27 million in withdrawals, raising the estimated loss to more than $133 million. He said the total could be higher if over-the-counter (OTC) transactions are included.
Forecast Trend Report by Period
France's Crédit Mutuel Arkéa may have suffered a cryptocurrency hack worth about $130 million, according to an analysis.
CoinDesk reported on November 4 that blockchain investigator ZachXBT said Arkéa was likely targeted in a recent crypto theft totaling about $133 million.
Arkéa told CoinDesk the same day that a hacking attack had occurred recently. The bank did not disclose whether the stolen assets were fiat currency or cryptocurrency. It said customers suffered no financial losses from the incident. The bank also temporarily suspended some transactions to prevent further losses and notified the relevant authorities.
ZachXBT first disclosed on November 2 signs that more than $106 million in assets had been stolen from a European institution. He later identified an additional $27 million in withdrawals from centralized exchanges, raising the estimated loss to more than $133 million. The total could be higher if over-the-counter transactions are included.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul