TLDR Crypto · MARKETS & BUSINESS

FRENCH BANK CRÉDIT MUTUEL ARKÉA LIKELY EXPLOITED FOR OVER $133 MILLION

links.tldrnewsletter.com3 min read

Summary from the TLDR Crypto newsletter

Crédit Mutuel Arkéa reportedly lost over $133M from centralized exchange accounts, withdrawn as USDC and USDT. The attacker (unknown) is swapping USDC to ETH, using instant exchanges, converting to XMR and bridging. Possible OTC activity could push losses higher. The bank hasn't confirmed or denied the exploit, so the claims are unverified.