French bank hit by cyberattack, losses estimated at €118 million

Crédit Mutuel Arkéa reported a cyberattack resulting in fraudulent transactions estimated at €118 million. The bank claims the situation is under control and assures clients of no financial impact. Details on the attack's execution or perpetrators remain undisclosed. Following the incident, the bank temporarily halted certain transactions to enhance security. Independent investigator ZachXBT highlighted the fraud on social media, noting that stolen funds were funneled through various crypto exchange accounts.