140 Million Dollars Stolen from the Central Bank: They Are Using Cryptocurrency!



In a $140 million attack on Brazil's Central Bank service provider, hackers have started laundering some of the stolen money through cryptocurrencies.

Recently, Brazil's financial world was shaken by a major cyber attack. On June 30, the systems of C&M Software, the company providing software to the country's central bank, were targeted. According to data shared by ZachXBT, the attackers bribed one of the company's employees with $2,760 to obtain login credentials, thus gaining access to funds totaling $140 million.

ZachXBT announced that between $30 million and $40 million of these stolen funds were converted into cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) and were attempted to be laundered through exchanges and OTC desks in the Latin America region. It was reported that the accounts of six different financial institutions were accessed as a result of the attack, raising significant questions about the security of Brazil's financial system.

This attack has once again highlighted that cryptocurrencies have become a preferred method for cybercriminals recently. According to data shared by CertiK, a total loss of $2.5 billion was experienced in cryptocurrency attacks and fraud incidents in just the first six months of 2025. The fact that major cryptocurrency platforms like Coinbase have also been subjected to similar attacks shows that the sector still has serious security gaps.

As the Brazilian government has recently prepared legislative proposals to pave the way for investment funds in the cryptocurrency sector, it is believed that this incident will closely impact the regulatory processes in the country.