The post Brazil’s Central Bank Probes $140M Crypto Laundering After Hack appeared first on Coinpedia Fintech News In a cyber heist on June 30, hackers stole approximately $140 million (R$800 million) by breaching the reserve account of six Brazilian financial institutions through infrastructure provided by C&M software. The Central Bank of Brazil is actively working to recover the funds after discovering the offender.  Central Bank’s Immediate Action Against the Crime After discovering the theft and the attacker, the central bank immediately issued a notice for a temporary suspension of C&M Software. By Wednesday, the company resumed limited operations under supervision.  The federal police have opened an investigation at the Cybercrime Repression Department in Brasilia, investigating stolen funds and preventing further laundering in the chain. Currently, the police are investigating a series of questions about those responsible for the hacker attack, and other beneficiaries of the scam are being investigated.  Discovery of Brazil’s Cyber Theft of $140 Million  Approximately $140 million was theft by hacking C&M software, the service provider that connects Brazil’s central bank to local banks and other financial institutions. At least $30 to $40 million of the stolen funds were converted into cryptocurrencies, including Bitcoin, Ethereum, and Tether.  This conversation of fiat money into crypto was carried out via Latin American over-the-counter (OTC) brokers and crypto exchanges. Brazilian officers suspected a laundering route tied to Brazil’s PIX payments infrastructure (a system developed by the central bank to enable instant payments).  [post_titles_links postid=”477206″] The Grand Theft Stemming from Internal Compromise Brazilian law enforcement confirmed that the breach stemmed from an internal compromise. João Nazareno Roque, a software employee at C&M, admitted to selling corporate private credentials to one of the attackers for R$5,000.  The initial contact between the attacker and Roque occurred in March, when the suspect showed detailed knowledge of Roque’s job. Later, the employee was paid extra R$10,000 to execute the grand theft commands inside the system.   Final Thought  The incident of $140 million theft has triggered broad discussion on fintech cybersecurity, third-party provider risks, and regulatory oversight. While the case remains under investigation, Brazilian officials are targeting to end these cybercrimes altogether. [article_inside_subscriber_shortcode title=”Never Miss a Beat in the Crypto World!” description=”Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.” category_name=”News” category_id=”6″] FAQs How were the stolen funds from the Brazilian cyber heist laundered? Roughly $30 million to $40 million of the stolen funds were converted into cryptocurrencies, including Bitcoin, Ethereum, and Tether. This conversion was facilitated through Latin American over-the-counter (OTC) brokers and crypto exchanges, with suspicions of a laundering route tied to Brazil’s PIX instant payments infrastructure. What are the biggest crypto hacks of 2025 so far? Major 2025 hacks include $400M from Coinbase, $220M from Cetus, and millions more from BSC, Phemex, and UPCX exploits. How can I protect my crypto wallet from phishing attacks? Avoid unverified contracts, never share keys, and regularly review approvals to secure your wallet from phishing.

Mobile giant AT&T is preparing to pay millions of dollars to current and former customers to settle a class action lawsuit over a pair of massive data breaches. A judge has granted preliminary approval for a settlement that will hand $177 million to people affected by the breaches. The first breach is believed to have happened back in 2019, with hackers stealing sensitive data from 7.6 million current and 65.4 million former customers. Although AT&T believes the data may have been taken from one of its vendors, the firm has acknowledged that data including customers’ social security numbers, names and dates of birth was exposed. The second breach happened last year, when hackers breached the company’s Snowflake cloud workspace environment, stealing smartphone call and text metadata of nearly 110 million customers from May of 2022 to October of 2022. People who can prove they suffered financial damages as a result of the data breaches will likely receive a larger share of the payout. At time of publishing, affected customers are expected to receive notice of eligibility by mail or email, with the claims process coming in August. Follow us on X, Facebook and Telegram
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&nbsp Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Mobile Giant AT&T Paying $177,000,000 To Current and Former Customers in Massive Data Breach Settlement appeared first on The Daily Hodl.

North Korean hacking groups are developing new methods to target Web3 companies, including some aimed at infecting Apple systems. Additionally, the use of social engineering is becoming more prevalent in these attacks, highlighting the level of preparation involved in these operations. North Korean Hackers’ New Methods: Nim Malware and Clickfix Hackers groups from North Korea […]