ZachXBT Tracked a $133M Crypto Theft for Two Days. Then He Named the Victim

Blockchain investigator ZachXBT has named Crédit Mutuel Arkéa, a French cooperative bank, as the alleged victim of a cryptocurrency theft he estimates at more than $133 million. He first reported on November 2 that an unidentified EU entity had lost over $106 million from accounts at centralized exchanges in the stablecoins USDC and USDT, then logged another $27 million in withdrawals a day later. Arkéa, which holds $235 billion in assets and roughly 40 subsidiaries including the online bank Fortuneo, had made no public statement. ZachXBT said counting over-the-counter trades could raise the total.