Central Bank closes favored banks after Pix attack that diverted R$ 530 million; Voluti, Brasil Cash, and S3 Bank are suspended.$BTC
The Brazilian financial system was shaken by a cyber attack that diverted an impressive R$ 530 million from reserve accounts held by financial institutions at the Central Bank. The criminals used Pix to carry out the transfers and quickly converted the amounts into cryptocurrencies, making it difficult to trace the money. The episode exposed critical vulnerabilities in digital security and forced the regulator to adopt tough measures to preserve the integrity of the instant payment system.
