Multi-million-dollar crypto hack apparently hits major French bank

Crédit Mutuel Arkéa has reportedly suffered a crypto hack exceeding $133 million, making it one of the larger security breaches to hit a European financial institution. The French bank is said to be behind the affected platform, though the specific assets and chains involved were not detailed in the report. The incident matters because it puts a mainstream, regulated European lender—not just a native crypto startup—at the center of a nine-figure exploit, adding pressure on institutional players to harden custody and key management. What to watch next: confirmation from Arkéa on the exact loss figure, which tokens and protocols were drained, and whether the bank discloses reimbursement or insurance arrangements for affected users.