Crédit Mutuel Arkéa resumes operations after attack, assesses losses

French banking group Crédit Mutuel Arkéa said nearly all operations resumed Wednesday after a cyberattack linked to a suspected theft from the bank’s own account.

The bank said operations resumed following security checks and additional safeguards. It said customer funds were unaffected and the disruption only delayed certain transfers.

The bank also disclosed that attackers gained access through a service provider, not its online banking subsidiary Fortuneo. They transferred the bank’s money to other financial institutions, potentially allowing them to convert it into crypto.

Withdrawals from crypto exchanges first exposed the suspected theft. Blockchain analytics firm Bitquery traced withdrawals from accounts at Kraken, Crypto.com and OKX before the victim was publicly identified.