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Bank Heist

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Crédit Mutuel Arkéa suffers $133 million fraud via service provider breach

French cooperative bank Crédit Mutuel Arkéa confirmed that an attacker gained access through a service provider's platform and used the bank's own account to initiate fraudulent transfers worth up to $133 million in USDC and USDT. The bank says the incident is now contained and that customer assets were not affected, though some transfers were delayed. It has also warned customers of heightened phishing risk following the breach.