ZachXBT: The entity that suffered a $130 million hack loss is the French credit union bank.

On-chain investigator ZachXBT identified French credit union Crédit Mutuel Arkéa, an institution with roughly $235 billion in assets, as the entity behind a hack that drained more than $133 million. The disclosure ties one of the larger recent crypto-linked breaches to a mainstream European bank rather than a native Web3 protocol. Details of which chains, tokens, or wallets were affected have not yet been fully confirmed. The size of the loss relative to the bank's balance sheet suggests limited solvency impact, but the case is a test of how a traditional lender accounts for and recovers stolen digital assets. Watch for the bank's official confirmation, any disclosure of the specific assets and venues involved, and whether the funds are traced or frozen.