Over $133 Million in Suspected Stolen Funds Flow Through Crypto Platforms

French banking group Crédit Mutuel Arkéa has confirmed it was the victim of a cyber attack, with attackers executing unauthorized transactions. The group has reported the incident to regulators and suspended certain transfers, stating that the situation is under control and customer assets are protected. Blockchain investigator ZachXBT has traced over $133 million in suspected stolen funds flowing through crypto platforms. Bitquery identified 178 withdrawals involving 15 wallets within approximately 21 hours, tracking around $108.8 million in USDC withdrawals involving Kraken, Crypto.com, and OKX. The investigation revealed that scammers transferred unauthorized fiat funds into exchange accounts opened with forged identities, with approximately $63 million in stablecoins exchanged for 27,553 ETH, with related transactions involving UniswapX.

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