ZachXBT Links French Bank to $133M Alleged Crypto Theft
On-chain investigator ZachXBT has identified a French bank as the alleged victim of a crypto theft that may have exceeded $133 million in losses.
On-chain investigator ZachXBT has named a French bank as the alleged victim of a cryptocurrency theft that could have resulted in losses surpassing $133 million, according to a report from Cointelegraph. The bank has not publicly confirmed any involvement or acknowledged the alleged breach, leaving key details of the incident unverified by official sources.
ZachXBT, a pseudonymous blockchain sleuth widely recognized for tracing stolen digital assets and exposing crypto fraud, flagged the case through what appears to be on-chain analysis — the same methodology the investigator has used to unravel dozens of high-profile thefts across the crypto industry. The scale of the alleged loss, if confirmed, would rank it among the more significant crypto-related incidents tied to a traditional financial institution.
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The incident raises broader questions about the exposure of legacy banking institutions to crypto-related threats, whether through direct holdings, custody services, or client-facing products. As banks increasingly explore digital asset offerings, their attack surfaces expand in ways that traditional cybersecurity frameworks may not fully address.
No law enforcement agency or French regulatory body has publicly commented on the alleged theft at this time. The absence of official confirmation means the full circumstances — including how funds may have been moved, the wallets involved, and whether recovery efforts are underway — remain unclear to the public.
Continue reading at Cointelegraph.
