A post by @WuBlockchain on X.

Crédit Mutuel Arkéa disclosed on November 4 that a cyberattack routed through a third-party provider involved roughly $133 million, with the French banking group indicating the funds may have been converted into cryptocurrency. The breach stemmed from an external service provider rather than the bank's own core systems, according to the disclosure. The incident matters because it marks one of the larger cyber-related losses tied to a European lender and adds a crypto conversion angle that could complicate tracing and recovery. What to watch next is whether blockchain analytics can follow the converted funds, how much is recovered or insured, and whether regulators push banks to tighten third-party vendor oversight.