Chain-link investigator ZachXBT has identified French bank Crédit Mutuel Arkéa as the main perpetrator in the recent $133 million cryptocurrency theft. On November 2nd, $106 million flowed out of multiple centralized exchange accounts belonging to the bank, withdrawn in USDC and USDT, with some converted to ETH and Monero; subsequently, another $27 million was transferred out, mostly through Kraken hot wallets. The bank has total assets exceeding $235 billion, and its clients include Stripe. It has not publicly responded to the incident. ZachXBT claims that over $30 million has already been laundered and speculates that a large Western European financial institution was compromised and subsequently concealed. (Source: Cryptopolitan)
