Scott Melker discusses French bank Crédit Mutuel Arkea getting hit by a conventional cyberattack and the hackers laundering the stolen money into crypto.
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French Bank, Credit Mutual Arkia
said hackers stole money in cyber attack. So,
this was actually identified by on-chain analysts who saw $133 million moving in crypto, which led a lot of people to be like, holy crap, this bank got hacked for crypto. No, this bank got
hacked in a cyber attack in the conventional way, and then the hackers moved the money that they stole from the bank into crypto to attempt to launder it. So this is actually on-chain Sloth identified that a real cyber attack had happened, but I read this and I was like, oh, it’s happening.
right? We have a story every day about a crypto exchange getting hacked, but everybody with a brain is like, we’re the first
tip of the spear. This is coming to every bank and institution near you with AI. Well, this actually happened in France
like this week, and it was covered up and nobody saw it until on-chain analyst actually found it.
So, pretty crazy, but this should put even the biggest <a href="https://bitcomme.com/wallbox-announces-third-quarter-2026-financial-results/” title=”Wallbox Announces Third Quarter 2026 Financial Results”>financial institutions on alert.
