French bank Crédit Mutuel Arkéa suffers cyberattack

French banking institution Crédit Mutuel Arkéa announced it has suffered a cyberattack detected by its internal teams, Euronews reported. The Brittany-headquartered bank denounced fraudulent transactions and stated that it has temporarily suspended certain operations to secure its system and block further unauthorized movements. [1]

Euronews reported that French outlet Le Télégramme said 133 million dollars, equivalent to 118 million euros, had disappeared during the incident. Crypto Briefing also named Crédit Mutuel Arkéa as the suspected victim of a 133 million dollar exploit, referencing blockchain investigator ZachXBT. Crédit Mutuel Arkéa has not confirmed the specific amount of money stolen. [1][2]

The bank management stated that none of its customers will suffer any financial loss, according to Euronews. The company maintained that client funds will remain fully protected while security protocols are implemented. [1]