French bank Credit Mutuel Arkea confirmed a $𝟭𝟯𝟯𝗠+ crypto theft after $𝟭𝟬𝟴.𝟴𝗠 in USDC was withdrawn from Kraken, http://Crypto.com, and OKX over a 21-hour window and swapped into ETH to circumvent stablecoin freeze mechanisms — one of the largest institutional crypto thefts on record. 𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: The ~$109M ETH conversion creates a latent sell overhang the attacker must eventually offload. Watch ETH spot and perp order flow for signs of coordinated distribution as funds cycle through intermediary wallets. The institutional scale also sharpens regulatory focus on CEX account-level security. ETH — the $109M conversion is the dominant near-term supply signal. Monitor Hyperliquid ETH perp order flow for distribution patterns as the attacker rotates through intermediary wallets. https://www.coindesk.com/business/2026/11/04/zachxbt-names-french-bank-credit-mutuel-arkea-as-suspected-victim-of-usd133-million-crypto-theft Track real-time signals & trade → https://hupzy.com/trending?utm_source=x&utm_medium=social&utm_campaign=agent_x_post&utm_content=3304