French bank Crédit Mutuel Arkéa has been hit by a cyberattack that enabled fraudulent transactions, with losses from the incident estimated at $133 million, approximately €118 million.
The bank announced on Tuesday that the attack had been brought under control and that customers would not suffer any financial consequences.
According to CNN, the damage caused by the cyberattack amounts to approximately $133 million.
Meanwhile, French media reported that the incident was uncovered by ZachXBT, an American pseudonymous researcher internationally known for his work in cryptocurrency security and combating money laundering.
ZachXBT announced two days ago that an “EU entity” had allegedly lost “$106 million”.
On Tuesday, he revealed that he had “identified additional withdrawals of more than $27 million”, while also identifying the affected financial institution as the French bank Crédit Mutuel Arkéa.
