GeneralMedium•4 November 2026•
1 min read
Crédit Mutuel Arkéa Confirms €118M Cyberattack and Fraudulent Transfers
Key Facts
1French bank Crédit Mutuel Arkéa confirmed it suffered a cyberattack that enabled fraudulent transactions.
2The bank stated it can validate the magnitude of the reported €118 million in stolen funds.
French bank Crédit Mutuel Arkéa confirmed it suffered a cyberattack that enabled fraudulent financial transactions. The bank stated it can validate the magnitude of the reported €118 million ($133 million) in stolen funds, according to news reports.
The bank was targeted in an attack where stolen funds were converted into cryptocurrencies including USDC and ETH, and subsequently moved into Monero to obscure the transaction trail. This official confirmation follows on-chain reports of suspicious activity, highlighting significant operational and reputational risks for the institution.