💥 $140M Brazil Banking Heist: Hackers Launder Millions via Crypto

Cybercriminals behind the massive $140M theft from Brazil’s central bank service provider have reportedly laundered $30M–$40M through Latin American OTC desks and crypto exchanges, per ZachXBT.

🕵️‍♂️ The breach occurred after insiders were bribed for credentials, impacting 6 major financial institutions, including BMP, on June 30.

🔍 Key Takeaways:

• Hackers pivoting to crypto for laundering

• A broader trend — over $2.5B lost to hacks/scams in H1 2025 (CertiK)

• Highlights growing challenges in tracking illicit funds across borders

🚨 Crypto remains a double-edged sword — innovation meets exploitation.

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