PANews July 4th news, according to crypto detective ZachXBT, recently, Brazilian central bank service provider C&M Software suffered a cyber attack, resulting in a loss of approximately $140 million. On June 30, 2025, reserve accounts of six financial institutions were illegally breached, and the attackers exchanged fiat currency for Bitcoin, Ethereum, and USDT through Latin American OTC and exchanges. According to my estimates, at least $30 million to $40 million was exchanged for cryptocurrency. Brazilian law enforcement revealed that the criminals only paid one employee of C&M $2,760 (15,000 reais) to obtain the company's login account and password. ZachXBT stated that when the timing is right, he will disclose the theft addresses related to this incident, as he has been assisting in freezing funds and tracking unmarked OTC transactions.
