Crédit Mutuel Arkéa says attackers drained its own account, may have cashed out in crypto

Crédit Mutuel Arkéa, a French bank, disclosed that attackers drained funds from its own corporate account rather than customer accounts, and said the scale of the reported €118 million ($133 million) loss is about right without confirming the figure. The bank suggested the stolen funds may have been cashed out in crypto. A nine-figure breach at a regulated European bank, with a possible crypto exit route, is the kind of story that feeds regulatory scrutiny of crypto rails and sours institutional confidence.