Crédit Mutuel Arkéa: the French bank victim of a $133 million crypto hack?

French bank Crédit Mutuel Arkéa is reported to have suffered a fraud of at least $133 million, with funds allegedly diverted in traditional currency before being converted into cryptocurrency to launder them. The bank has not confirmed the incident, while on-chain investigator ZachXBT estimates the losses could be even larger. The case matters because it would rank among the larger crypto-linked frauds tied to a mainstream European bank, and because the laundering path runs through digital assets rather than conventional rails. Watch for official confirmation from Arkéa, a fuller accounting of the losses, and any trace of the converted funds on-chain.