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17 Articles
Hackers Behind $140M Brazil Banking Heist Turn to Crypto to Launder Their Loot
A group of hackers that gained unauthorized access to the Central Bank of Brazil's service provider has started laundering a portion of its $140 million haul using cryptocurrencies, according to On-chain
An employee sold his credentials for USD $2,700 and facilitated the theft of more than BRL $800 million (USD 140 million), of which a substantial portion was exchanged for cryptocurrencies. *** It is estimated that between USD $30 million and USD 40 million were converted to cryptocurrencies. At least six institutions connected to the Central Bank were affected. The attack reinforces concerns about the fragility of centralized systems.
Hackers allegedly bribed a C&M employee to steal $140 million from six banks in one day
In a bold cyber heist on June 30, an estimated $140 million (R$800 million) was stolen from six Brazilian financial institutions’ reserve accounts through a sophisticated cyberattack targeting C&M Software, a key service provider that connects banks to the Central Bank of Brazil and its PIX system. At least $30 to $40 million of the stolen funds have since been laundered into Bitcoin, Ethereum, and Tether’s USDT via Latin American over-the-coun…
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