A group of hackers who gained unauthorized access to the Central Bank of Brasil’s service provider has begun to launder part of its $ 140 million copies using Cryptocurrencies, according to on-chain analyst Zachxbt.
The researcher revealed Friday that between $ 30 million and $ 40 million of the stolen funds were converted to Bitcoin
Ether and Tether’s USDT through Latin American over-the-counter desks and crypto exchanges.
On June 30 Cyberattack on C&M software involved a group of attackers who cutlery an employee to reveal their business information. Six financial institutions including BMP experienced unauthorized access to their reserve accounts as a result.
The method mirrors a recent cyberattack on the Crypto exchange Coinbase (COIN)It said 69,000 customers were affected after customer service funds became the cutlery to reveal customer information.
Brazil had previously warmed up to crypto; Legislators in February proposed a bill that allows investment funds to get exposure in digital assets.
While the Central Bank of Brazil attacked the Fiat currency, the use of cryptocurrency to hide and white laundering the funds is an example of the dark truth of the industry when it comes to hacks and scams.
A recent Crypto Security Firm Certique report revealed that Crypto Investors lost $ 2.5 billion for hacks and fraud in the first half of 2025.
