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Bank hack steals millions

Bank hack steals millions

The French bank Crédit Mutuel Arkéa announced that it had been targeted by a sophisticated cyberattack originating abroad. The attack enabled fraudulent transfers totaling nearly €100 million to other banks, after which the funds were converted into cryptocurrencies. The bank said customer accounts were not affected and that some of the money had been frozen, adding that the losses did not threaten the group’s financial soundness. The newspaper *Le Télégramme* reported that €118 million had been stolen, while a specialist cryptocurrency-tracking account estimated the stolen amount at at least $133 million. The bank did not confirm either figure. The Paris prosecutor’s office has opened an investigation, and the bank has not disclosed how the attack was carried out or who was responsible.

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