US EditionPolice in Brazil arrest a suspect over $100M banking hack
BRAZIL, JUL 4 – Authorities arrested a suspect linked to the PIX cyber theft and blocked nearly $50 million while tracing cryptocurrency conversions and accomplices, police said.
- Police in São Paulo arrested a C&M Software employee for selling login credentials used in a June 30 hack that stole 800 million reais .
- The breach resulted from unauthorized access via social engineering rather than system flaws, enabling hackers to divert funds from six central bank reserve accounts.
- Authorities froze 270 million reais and tracked laundering of at least $30 to $40 million into Bitcoin, Ethereum, and stablecoins through Latin American exchanges.
- C&M confirmed cooperation with investigators, and the Central Bank partially suspended C&M's operations while ordering banks to immediately disconnect from its systems.
- The incident illustrates rising risks targeting centralized systems, prompting calls for decentralized privacy tools as hackers shift focus elsewhere, according to the CEO of Shielded Technologies.
19 Articles
19 Articles
Hackers steal $140M in hack of central bank service provider - Invest In Crypto News
C&M Software, the service provider that connects Brazil’s Central Bank to local banks and other financial institutions, was hacked on Wednesday, leading to 800 million Brazilian reais ($140 million), in stolen funds from six institutions connected to the central bank. The hack occurred after an employee of C&M allegedly sold his login credentials to the threat actor for roughly $2,700, allowing them to access the software system and steal funds …
Hackers steal $140M from Brazilian central bank reserve accounts via partner breach - Coin Surges
Hackers siphoned about R$800 million ($140 million) from six reserve accounts connected to Brazil’s central bank after breaching São Paulo-based software vendor C&M Software on June 30, according to blockchain investigator ZachXBT and reports from local news outlets. Police said C&M employee João Nazareno Roque sold his corporate login for R$15,000 ($2,770) and later developed a secondary access tool for an additional R$10,000 ($1,850), giving a…
Software company official has facilitated access to hackers for billionaire fraud via Pix. He was arrested by the São Paulo Civil Police.
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