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The attackers breached the Crédit Mutuel Arkéa group through a platform operated by an external service provider and used the group’s accounts to make fraudulent transfers to other financial institutions. The bank denied that customer accounts or Fortuneo Bank had been targeted. Initial estimates put the amounts involved at between €100 million and €118 million. Some of the money passed through around 17 digital wallets and was converted into cryptocurrencies, including Ethereum and DAI. Some funds have been frozen, and efforts to recover the rest are ongoing. The Paris prosecutor’s office has opened an investigation. The attackers’ identities and the final amount of the losses have not been announced, and the bank confirmed that customers’ balances were unaffected.
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