In a cyber-box of June 30, the hackers stole approximately $ 140 million (800 million R) by viocating the reserve account of six Brazilian financial institutions via infrastructure provided by C&M Software. The Central Bank of Brazil is actively working to recover the funds after discovering the offender.
After discovering the flight and the striker, the central bank immediately issued an opinion for a temporary suspension of C&M software. On Wednesday, the company resumed limited operations under surveillance.
Federal police opened a investigation The Brasilia cybercrime repression department, investigating on stolen funds and preventing more laundering in the chain. Currently, police are investigating a series of questions on pirate attack officials, and other beneficiaries of the scam are investigated.
Discovery of the Brazil cyber-volume of $ 140 million
About 140 million dollars were theft by hacking C&M software, the service provider that connects the Central Bank of Brazil to local banks and other financial institutions. At least $ 30 to 40 million in stolen funds have been converted to cryptocurrencies, especially Bitcoin,, Ethereumand Tether.
This conversation by Fiat Money in Crypto was carried out via brokers over the counter of Latin American (OTC) and Cryptography exchanges. Brazilian officers suspected a laundering route linked to the infrastructure of Brazil’s Pix payments (a system developed by the Central Bank to allow instant payments).
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The large flight resulting from the internal compromise
Brazilian police confirmed that the violation came from an internal compromise. João Nazareno Roque, a software employee at C&M, admitted to having sold corporate private skills in one of the attackers for 5,000 R $.
The initial contact between the striker and Roque occurred in March, when the suspect showed a detailed knowledge of Roque’s work. Later, the employee was paid additional 10,000 R to execute flight orders inside the system.
Final thought
The $ 140 million incident sparked a vast discussion on FinTech cybersecurity, supplier third -party risks and regulatory surveillance. Although the case remains under investigation, Brazilian officials aim to end these cybercrimes.
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Faq
About $ 30 million to $ 40 million in stolen funds have been converted to cryptocurrencies, including Bitcoin, Ethereum and Tether. This conversion was facilitated by brokers and exchanges of on -the -counter crypto in Latin America (OTC), with suspicions of a laundering route linked to the instant payment infrastructure of Brazil.
The major 2025 hacks include $ 400 million in Coinbase, $ 220 million from Cetus and millions of others from BSC, Phemex and UPCX Exploits.
Avoid unaccountable contracts, never share keys and regularly examine approvals to secure your phishing portfolio.