Pirates laundered between 30 million dollars and 40 million dollars of the 140 million dollars stolen from the service provider of the Brazilian central bank using cryptocurrencies through over-the-counter trading desks in Latin America.
The attackers managed to access the system by bribing an employee for credentials, affecting six financial institutions on June 30, including BMP.
This incident reflects a broader trend, with a loss of 2.5 billion dollars due to hacks and fraud in the cryptocurrency space in the first half of 2025, according to CertiK.
A group of hackers who managed unauthorized access to the service provider of the Brazilian central bank began laundering part of their 140 million dollar share using cryptocurrencies, according to on-chain analyst ZachXBT.
The researcher revealed on Friday that between 30 million dollars and 40 million dollars of the stolen funds were converted to Bitcoin
Bitcoin 108,229.14 dollars
, Ethereum $ETH
Ethereum 2,518.27 dollars
and USDT from Tether through over-the-counter trading desks in Latin America and cryptocurrency exchanges.
Brazil had previously been preparing for cryptocurrencies; legislators proposed a bill in February allowing investment funds to gain exposure to digital assets