Is a $235B French bank staying silent over a $133M crypto theft?

On-chain researcher ZachXBT identified Crédit Mutuel Arkea, a French banking group and regional brand of Crédit Mutuel Group, as the European entity whose crypto wallets lost $133 million in suspicious outflows tracked over several days. The bank holds more than $235 billion in total assets, with crypto a small part of its portfolio. On November 2, ZachXBT traced $106 million in losses from multiple centralized exchange accounts, withdrawn in USDC and USDT and partly swapped into ether; a second wave moved another $27 million, mostly from Kraken wallets. Kraken later restricted linked wallets but did not freeze the funds, and the bank had not commented.