How hackers used crypto to drain R1,8 billion from French bank
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Credit Mutuel Arkea, a French regional bank, suffered a sophisticated external cyberattack. The breach resulted in fraudulent transfers of roughly 100 million euros. The attackers converted the stolen money into cryptocurrency. Ordinary client accounts were not affected by the incident.
French regional bank Credit Mutuel Arkea was hit by a sophisticated external cyberattack that led to around 100 million euros in fraudulent transfers, which hackers converted into cryptocurrency without affecting client accounts.