Credit Mutuel Arkea: $133M CEX Theft Tied to ZachXBT

Credit Mutuel Arkea suffered a $133 million theft from multiple CEX accounts, according to blockchain investigator ZachXBT. The stolen funds included $106 million in stablecoins withdrawn yesterday and converted into 28,603.8 ETH via a single address that spent 65.616 million USDT.

Price sits at $2246.77 inside the Bollinger band on the 4h chart. The structure remains bearish with price below both the EMA50 at $2291.71 and EMA200 at $2423.37. MACD shows a bullish golden cross at -4.01 while RSI at 42.09 stays neutral. With price testing the upper band resistance at $2303.61 and the 50-EMA acting as immediate overhead resistance, any rejection here targets the lower band support at $2237.79 before further downside continuation in the broader bearish trend.