๐จ LATEST: ZachXBT Uncovers $140M Breach in Brazil โ Insider Sold Access for Just $2.7K ๐ต๏ธโโ๏ธ๐ธ
On-chain investigator ZachXBT has reported a massive $140 million breach in Brazil, allegedly triggered by an insider selling access for just $2,700. The incident is being described as one of the largest insider-enabled financial breaches in the region. ๐งจ๐
According to the report, between $30M and $40M of the stolen funds have already been converted into crypto via Latin American OTC desks, making recovery more difficult and raising cross-border regulatory concerns.
๐ก A low-cost exploit, high-value loss โ and once again, crypto becomes the off-ramp of choice.