Hackers pull off $133 million French bank heist via service provider

French banking group Crédit Mutuel Arkéa suffered a cyberattack that enabled attackers to initiate fraudulent transactions worth up to $133 million via a compromised service provider. The attackers used Arkéa’s own internal account to transfer funds to other financial institutions and convert them into USDC and USDT stablecoins, bypassing customer accounts. The bank confirmed the incident was a sophisticated attack, not due to human error, and emphasized that customer assets were unaffected. Investigations are ongoing with judicial authorities to determine the full scope and origin of the breach.

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