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Brazilian Central Bank Service Provider C&M Attacked, Loses Approximately $140 Million, Some Funds Converted to Cryptocurrency
Summary: According to reports, cryptocurrency investigator ZachXBT revealed on his personal channel that Brazilian central bank service provider C&M Software was hit by a cyber attack, resulting in losses of approximately $140 million. On June 30, 2025, reserve accounts of six financial institutions were illegally accessed, with attackers converting fiat currency into Bitcoin, Ethereum, and USDT ...
According to reports, cryptocurrency investigator ZachXBT revealed on his personal channel that Brazilian central bank service provider C&M Software was hit by a cyber attack, resulting in losses of approximately $140 million. On June 30, 2025, reserve accounts of six financial institutions were illegally accessed, with attackers converting fiat currency into Bitcoin, Ethereum, and USDT through Latin American OTC and exchanges. It is estimated that at least $30-40 million was converted into cryptocurrency. Brazilian law enforcement disclosed that the criminals paid only $2,760 (15,000 Brazilian reais) to an employee of C&M to obtain the company's login credentials. ZachXBT stated that when the time is right, he will disclose the theft addresses related to this incident, as he has been assisting in freezing funds and tracking unmarked off-exchange transactions.
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Link: Brazilian Central Bank Service Provider C&M Attacked, Loses Approximately $140 Million, Some Funds Converted to Cryptocurrency [Copy]
