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’…
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