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French cooperative bank Crédit Mutuel Arkéa suffered a sophisticated cyberattack on November 2, enabling hackers to execute fraudulent transactions totaling up to $133 million via a service provider. The attacker utilized the bank's own account to transfer funds to other institutions and convert them into USDC and USDT stablecoins, though customer assets remained unaffected.
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Summary by ByteBrief
French Bank Confirms $133 Million Crypto Hack