Bitcoin Magazine

French Bank Credit Mutuel Arkea Confirms Cyberattack as ZachXBT Puts Losses Above $133 Million

French bank Credit Mutuel Arkea said Wednesday that a cyberattack allowed hackers to carry out fraudulent transfers from the bank’s own account, a theft that on-chain investigator ZachXBT has put at more than $133 million and that the bank has not confirmed.

The Brittany-based lender said in a statement that the incident was under control, that operations were resuming and that customer assets were not affected. It suspended some transactions as a precaution.

“This incident has had no impact on (customer) assets and has only caused a delay in the execution of certain transfers,” the bank said on its website, in a translation published by Reuters.

In a follow-up question-and-answer note, Credit Mutuel Arkea said the attackers went through the platform of one of its service providers and reached the bank directly. They used the bank’s own account to send transactions to other banks, which then potentially allowed them to convert the money into cryptocurrency through specialized platforms, the bank said.

No customer accounts at its federations or subsidiaries were used, the bank said. It denied French press reports that the attackers got in through Fortuneo, its online banking arm, and said the Credit Mutuel Arkea hack was “a sophisticated attack from the outside,” not the result of human error.

The bank has not given a final figure.

Source link