Onchain investigator ZachXBT has identified French banking group Crédit Mutuel Arkéa as the alleged victim of a crypto theft exceeding $133 million, warning that total losses could be higher. On Wednesday, the pseudonymous crypto sleuth said the institution, which he described as having $235 billion in assets, was allegedly exploited over multiple days. He also suggested that additional losses may have occurred through over-the-counter (OTC) transactions that were not included in earlier estimates. “I suspect the amount stolen is larger when accounting for OTC activity,” ZachXBT said.The bank’s alleged involvement has not been independently verified, and ZachXBT has not disclosed how the attackers gained access to the funds. Cointelegraph contacted Crédit Mutuel Arkéa for comment but had not received a response by publication.The disclosure follows ZachXBT’s initial report on Monday, when he identified over $106 million in suspicious withdrawals from centralized exchanges. On Tuesday, he raised the estimated losses to over $133 million after discovering another $27 million in withdrawals, some of which occurred after his initial warning.Blockchain analytics firm Bitquery previously traced withdrawals from accounts at Kraken, Crypto.com and OKX. It found that approximately $63 million in stablecoins had been converted into Ether (ETH) within four hours.Kraken and Crypto.com subsequently told Cointelegraph they had restricted accounts or blocked funds associated with the suspected theft. Both exchanges said their platforms remained secure.Related: North Korea denies role in $6.3B Binance hack, points finger at US
Ripple CEO Brad Garlinghouse said Ripple USD (RLUSD) competes with other stablecoins while complementing XRP. His comments connected the assets through customer needs and his preference for bringing more financial activity onto the XRP Ledger. Garlinghouse Places RLUSD Alongside XRP Ripple CEO Brad Garlinghouse stated on X on Nov. 3 that RLUSD and XRP served […]
Prediction markets priced a Democratic sweep at 71% to 72% going into the vote. Crypto Briefing Research maps four outcomes across AI, semiconductors, Bitcoin and altcoins, and what to watch as results come in. The post Midterms 2026: what the vote means for AI stocks, chips, Bitcoin and altcoins appeared first on Crypto Briefing.
Nvidia’s limited allocation to China highlights the impact of production constraints and export controls on global AI hardware access. The post Nvidia allocates 1% of $70B RTX chip order to China clients appeared first on Crypto Briefing.
Justin Sun accused the President Donald Trump-backed crypto firm World Liberty Financial of concealing UAE citizenship to escape his federal lawsuit. The Tron founder said on Nov. 3 that his lawyers had requested sanctions against World Liberty Financial and its attorneys after the company disclosed foreign ownership connections months into litigation over his $45 million… […]
The denial and diplomatic standoff highlight the complex interplay between cybercrime, international relations, and global security dynamics. The post North Korea denies Binance hack accusation, sees no need for US talks appeared first on Crypto Briefing.
A wallet created just three months ago has withdrawn 69.125 million $PONS, valued at approximately $13.97 million, from OKX over the past 12 hours. Additionally, the wallet also moved 5,887 ETH, which amounts to around $13.45 million. This large-scale withdrawal, reported by the commentator @lookonchain, could significantly influence market sentiment as traders assess the implications […]
James Wynn has re-entered the cryptocurrency market after being liquidated just five days ago. He’s opened a significant 40x short position on 1.256 BTC, valued at approximately $96,000. This move raises questions about market sentiment and potential volatility as traders watch closely. The liquidation price for this position is set at $78,227.92, which could trigger […]
In a notable incident, a Binance hacker continues to swap $SOL for BTC, as reported by the Crypto Twitter commentator @lookonchain. The hacker is splitting the $SOL across multiple wallets and converting it into USDC before bridging to Ethereum to buy $ETH. This series of transactions raises security concerns and highlights the ongoing risks associated […]
TL;DR: Coinbase published an engineering account of its move toward multi-user infrastructure on October 29, describing how one account or organisation can involve several people with different privileges. A blog describing architecture cannot prove that every application and endpoint is free of bugs. Account controls rarely make headlines until something fails. But the ability to […]
