ZachXBT names French bank Crédit Mutuel Arkéa as suspected victim of $133 million crypto theft

The onchain investigator says the theft is being "covered up," and that a lack of disclosure let more than $30 million be laundered.

Zach Pandl highlighted institutional custody safeguards as crypto markets recovered some losses following the record $6.3 billion Binance hack.

Binance reported about $11 billion in withdrawals between 06:00 UTC on Nov. 1 and 04:00 UTC on Nov. 3, after reopening services following its record $6 billion hack on Oct. 29. Deposits of about $6 billion offset just over half the withdrawals, leaving roughly $5 billion in net outflows over the same period, according to… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

VVV, PUMP, and INJ are among the other major gainers today.