French bank Crédit Mutuel Arkéa hit by supply chain attack via third-party platform

Crédit Mutuel Arkéa◼ confirmed that attackers accessed an internal account through an unnamed third-party service provider's platform and transferred funds to other institutions, where they may have been converted to cryptocurrency. Blockchain investigator ZachXBT first flagged the incident, and Le Télégramme reported losses above €118 million, which the bank did not confirm but said was the right order of magnitude. The bank paused some transactions, added controls, is working to recover funds, and says the incident will not threaten its stability.

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