Over €120 million stolen as crypto facilitates laundering, Gregory Raymond reveals

Over €120 million stolen as crypto facilitates laundering, Gregory Raymond reveals
Crédit Mutuel Arkéa's €120m crypto theft

At least €120 million was stolen from the central system of the Crédit Mutuel Arkéa group, with cryptocurrency reportedly enabling money laundering in the operation. A highly experienced network of hackers is said to have carried out the theft.

Gregory Raymond, a crypto journalist and commentator, reported these details, calling the incident a precedent-setting case for the sector.

Earlier, investigator ZachXBT detailed a $133 million fraud at Crédit Mutuel Arkéa that was laundered using cryptocurrencies, according to a recent report. Gregory Raymond has also covered institutional moves in digital assets, including the New York Stock Exchange’s planned listing on Hyperliquid via Trade XYZ. These developments highlight increased scrutiny around crypto-linked financial activity.

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