French bank Cré said Aron Mutualéa details of $133 million from a cyber attack through a third-party provider, the funds may have been converted to crypto.
French banking group Créamer Aron Mutualéa revealed more details on November 4 about a cyber attack that reportedly involved about $133 million. The attackers gained access to the bank's systems through a third-party service provider platform and used the private bank account to transfer funds to other financial institutions. The funds may then have been converted into cryptocurrencies using special platforms.
Regarding reports that 118 million euros ($133 million) had been stolen, the bank said it could not confirm the exact amount but admitted the figure was about the right size. Some of the affected funds have been frozen, and recovery efforts are ongoing. The bank denied that the attackers gained access through its online banking subsidiary Fortuneo, stressed that customer assets were not affected, and said the external attack had been contained.