French bank resumes transfers after $133 million attack but leaves crypto loss unconfirmed

4 days ago 14



French bank Crédit Mutuel Arkéa said almost all operations had resumed on Nov. 4 after an attack enabled fraudulent crypto transactions from its own account, delaying some customer transfers.In a later clarification, the bank said attackers reached it through a service provider's platform and sent money to other banks. Those transactions may then have enabled conversion into cryptocurrency through specialized platforms.Arkéa did not confirm that conversion or connect its transfers to specific crypto wallets.The bank denied that the attack entered through Fortuneo, its online banking subsidiary, and said it did not use customer accounts. It described the incident as contained and said customers' holdings were unaffected.Arkéa declined to confirm whether €118 million ($133 million) had been stolen and validated only their order of magnitude. It said some funds had been blocked and further recovery efforts were underway, making a definitive financial amount premature.The amount involved in fraudulent transactions is not necessarily the bank's final loss once blocked funds and recoveries are accounted for. Arkéa said the sums would not threaten its financial strength.Its initial statem...

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