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ZachXBT links French bank to alleged $133M crypto theft

Blockchain investigator ZachXBT has identified a French bank as the alleged victim of a crypto theft that may have resulted in losses exceeding $133 million. The bank has not confirmed its involvement in the incident. No further details on the timing or method of the theft were provided.

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AI take

The significance here lies less in the alleged figure than in the attribution: a mainstream bank, if confirmed, would mark the crypto theft narrative moving from exchanges and DeFi protocols into regulated banking. That the bank has not confirmed involvement leaves the claim resting on a single investigator's work, and the absence of timing or method details makes it hard to gauge whether this was an internal control failure or an external breach. Whether the bank acknowledges the incident, and whether any details on how the funds were moved emerge, is the open question.

Generated by AI for reference only.

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