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$140 Million Brazil Bank Hack with Just $2,760
A hacker spent just $2,760 to buy access from an employee at C&M Software, a company that connects Brazilian banks and fintechs to the central bank’s Pix payment system.
On June 30, hackers stole $140 million from six major financial institutions within 3 hours, making it Brazil’s biggest online bank theft.
The hack started when an IT staff member sold login data for about $1,000 and helped create hacking software for another $2,000.
The stolen funds were quickly converted into crypto via underground exchanges—around $30M–$40M into Bitcoin, Ethereum, and USDT.
Authorities froze a wallet containing $49.8 million but are still chasing the rest.
Brazil’s Pix system is similar to Myanmar’s mobile banking or Thailand’s PromptPay, with billions in monthly transactions.
The attack could have caused even bigger losses if not for quick intervention.
The IT staff involved was arrested and faces long prison time.
Due to its scale and cinematic nature, many expect this story to eventually become a Netflix series.
#bitcoin #HackerAlert
A hacker spent just $2,760 to buy access from an employee at C&M Software, a company that connects Brazilian banks and fintechs to the central bank’s Pix payment system.
On June 30, hackers stole $140 million from six major financial institutions within 3 hours, making it Brazil’s biggest online bank theft.
The hack started when an IT staff member sold login data for about $1,000 and helped create hacking software for another $2,000.
The stolen funds were quickly converted into crypto via underground exchanges—around $30M–$40M into Bitcoin, Ethereum, and USDT.
Authorities froze a wallet containing $49.8 million but are still chasing the rest.
Brazil’s Pix system is similar to Myanmar’s mobile banking or Thailand’s PromptPay, with billions in monthly transactions.
The attack could have caused even bigger losses if not for quick intervention.
The IT staff involved was arrested and faces long prison time.
Due to its scale and cinematic nature, many expect this story to eventually become a Netflix series.
#bitcoin #HackerAlert
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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