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Brazil Central Bank Responds to $140M Heist That Breached Key Technology Supplier


by Coin Edition
for CoinEdition
Brazil Central Bank Acts After $140M Crypto-Fueled Heist
  • Hackers breached six reserve accounts via C&M Software, extracting about $140M on June 30, 2025.
  • Over $30M was laundered into crypto using OTC brokers and PIX-linked platforms.
  • An insider sold credentials for R$ 15K, enabling real-time control via Notion.

Hackers stole approximately $140 million (R$ 800 million) by breaching reserve accounts of six Brazilian financial institutions through infrastructure provided by C&M Software, a technology supplier connected to the country’s Central Bank. The breach took place on June 30, 2025.

At least $30–40 million of the stolen funds were converted into cryptocurrencies, including Bitcoin, Ethereum, and Tether. The conversion was carried out via Latin American over-the-counter (OTC) brokers and crypto exchanges. Investigators suspect laundering routes tied to Brazil’s PIX payment infrastructure.

Brazilian law enforcement confirmed that the breach stemmed from internal compromise. A C&M Software employee, identified as João Nazareno Roque, admitted selling his corporate credentials to one of the attackers for R$ 5,000. The initial contact occurred in March, when the suspect showed detailed knowledge of Roque’…

The post Brazil Central Bank Responds to $140M Heist That Breached Key Technology Supplier appeared first on Coin Edition.

Read the article at CoinEdition

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Brazil Central Bank Responds to $140M Heist That Breached Key Technology Supplier


by Coin Edition
for CoinEdition
Brazil Central Bank Acts After $140M Crypto-Fueled Heist
  • Hackers breached six reserve accounts via C&M Software, extracting about $140M on June 30, 2025.
  • Over $30M was laundered into crypto using OTC brokers and PIX-linked platforms.
  • An insider sold credentials for R$ 15K, enabling real-time control via Notion.

Hackers stole approximately $140 million (R$ 800 million) by breaching reserve accounts of six Brazilian financial institutions through infrastructure provided by C&M Software, a technology supplier connected to the country’s Central Bank. The breach took place on June 30, 2025.

At least $30–40 million of the stolen funds were converted into cryptocurrencies, including Bitcoin, Ethereum, and Tether. The conversion was carried out via Latin American over-the-counter (OTC) brokers and crypto exchanges. Investigators suspect laundering routes tied to Brazil’s PIX payment infrastructure.

Brazilian law enforcement confirmed that the breach stemmed from internal compromise. A C&M Software employee, identified as João Nazareno Roque, admitted selling his corporate credentials to one of the attackers for R$ 5,000. The initial contact occurred in March, when the suspect showed detailed knowledge of Roque’…

The post Brazil Central Bank Responds to $140M Heist That Breached Key Technology Supplier appeared first on Coin Edition.

Read the article at CoinEdition

Read More

CoinDCX Hack Investigation Takes a Dramatic “Inside Job” Turn

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The investigation into the massive CoinDCX hack took a dramatic turn when the police ...
CoinDCX Employee Linked to $44 Million Crypto Theft

CoinDCX Employee Linked to $44 Million Crypto Theft

Reports associate the recent attack on Indian crypto exchange CoinDXC with one of the...