Investigator Links French Bank Credit Mutuel Arkea to $133M Crypto Theft
Blockchain investigator ZachXBT raised his estimate of a suspected crypto theft to more than $133 million, naming Credit Mutuel Arkea as the alleged victim. The bank has not confirmed involvement.
AfroEuropa Newsroom
AfroEuropa desk
Blockchain investigator ZachXBT has increased his estimate of a suspected cryptocurrency theft tied to a French bank to more than $133 million, after tracing an extra $27 million in withdrawals from exchanges. The revised figure is up from an earlier estimate of $106 million.
ZachXBT identified the alleged victim as the French banking group Credit Mutuel Arkea, which he described as a major Western European financial institution. According to Cointelegraph, the bank has not confirmed its alleged involvement in the incident. Allegations of a cover-up also remain unverified.
Keep reading
Swan Bitcoin CEO Warns AI Is a Nearer Threat to Crypto Security Than Quantum
Cory Klippsten says hackers are using large language models to find software flaws, calling AI a more immediate risk than quantum computing.
Other highlights
OpenAI Launches Grid Protectors Program to Ease Data Center Power Demand
OpenAI says its new Grid Protectors Program will cut data center electricity use during peak periods, with testing underway in Georgia.
Follow the story
One newsletter, two continents
The Bridge brings you the tech, startups, and leaders moving between Africa and Europe in one sharp email each morning. No spam, unsubscribe anytime.
