ZachXBT links French banking giant to alleged $133M crypto heist
AI summary
ZachXBT has publicly named a French banking giant in connection with an alleged $133 million crypto heist, drawing attention to a major traditional financial institution. On-chain data from Bitquery shows Tether froze only $1.14 million in USDT, while Circle had not yet frozen $2.53 million in USDC tied to the investigation. Traders care because the scale of the alleged theft and the partial stablecoin freezes raise questions about how much of the funds remain recoverable and about issuer response times.
